Business
Uganda’s Government Is Implementing Broad Tax Incentives To Boost Agricultural Production
Uganda’s government is implementing broad tax incentives to boost agricultural production and overall economic growth, aiming to achieve upper-middle-income status by 2040.
Uganda’s government is implementing broad tax incentives to boost agricultural production and overall economic growth, aiming to achieve upper-middle-income status by 2040. These incentives, detailed by the Uganda Revenue Authority (URA), include VAT exemptions on various agricultural inputs like animal feed and machinery. The goal is to modernize farming and attract both domestic and foreign investment. This strategy also extends to other sectors such as mining, petroleum, and manufacturing. The government hopes that this plan will stimulate economic activity and lead to the country’s overall development. Get the document here: https://ura.go.ug/wp-content/uploads/…