Ahabwe, Prosper2026-08-232026-08-232026-04-30Ahabwe, P. (2026). Strengthened audits are a targeted and economically sound solution. New Vision.https://bdears.busitema.ac.ug/handle/123456789/8954Newspaper ArticleFor decade, Uganda's income tax system has followed a clear principle: income tax is levied on profits, not on losses. Businesses that incur losses - whether due to high operating costs, heavy capital investment, or accelerated capital allowances-are not taxed until they return to profitability.enArticle