USER’S GUIDE: A LEGAL GUIDE TO UGANDA’S FINANCIAL SECTOR
The financial services sector in Uganda involves the businesses and institutions that manage money and provide intermediary services to transfer and allocate financial capital in an economy. The financial services sector is a service industry and it supports and supplements all other industries but does not (itself) result in an end product such as goods.
TASLAF 2023 IMPACT REPORT
TASLAF ADVOCATES: 2023 IMPACT REPORT
It is a new year! We hope 2023 was a success and share the optimism that 2024 will
be an even more resounding success that will enable you to continue and expand
your impactful work. TASLAF Advocates extends warm wishes for a prosperous
New Year.
In this special edition of our Year in Review publication, we are delighted to reflect
on the significant milestones and successes achieved in collaboration with our
valued clients.
COLLECTIVE EMPLOYEE TERMINATION IN UGANDA: A DELICATE BALANCE BETWEEN BUSINESS PRUDENCE & FAIRNESS
COLLECTIVE EMPLOYEE TERMINATION IN UGANDA:
A DELICATE BALANCE BETWEEN BUSINESS
PRUDENCE & FAIRNESS
TASLAF’S ANNUAL NGO LEGAL & REGULATORY COMPLIANCE SYMPOSIUM
The Annual NGO Legal, Policy and Regulatory Compliance symposium is organized by TASLAF Advocates, a specialist law firm providing tax and legal services to the NGO sector.
DATA UPDATE EXERCISE FOR ENTITIES REGISTERED WITH THE UGANDA REGISTRATION SERVICES BUREAU
he Uganda Registration Services Bureau (URSB) issued a public notice on the 15th of May 2023 calling
upon all entities registered with it to update their data.
In December 2022, URSB launched of an Online Business Registration System (OBRS). The OBRS is a
fully-fledged electronic system that facilitates seamless registration of companies, business names,
legal documents, insolvency and other related services.
FILING ANNUAL RETURNS WITH UGANDA REGISTRATION SERVICE BUREAU
All companies registered with the Uganda Registration Services Bureau (URSB) are required to pre- pare and file Annual returns with URSB in accordance with Sections 132 and 133 of the Companies Act, 2012. Annual Returns show the changes that have been made in the company during the previ- ous year, such as shareholding, membership, directorship and the company’s registered office, sec- retary, among others.
THE PROPOSED TAX LAW AMENDMENTS 2023: A STAKEHOLDER’S BRIEFING
On 30th March 2023, amendment bills to the Income Tax Act, Value Added Tax Act, Tax Procedures Code Act, and Excise Duty Act were gazetted. This is the first step before the bills are presented for debate in parliament, passed and signed into law.
THE REQUIREMENT TO SUBMIT BENEFICIAL OWNER’S INFORMATION
International beneficial ownership standards from the
Financial Action Task Force (FATF) and the Eastern and
Southern Africa Anti-Money Laundering Group (ES-
AAMLG) have fed into national efforts to strengthen
beneficial ownership transparency.
FILING THE FIA COMPLIANCE REPORT
Anti -Money laundering is governed by the Anti-money laundering Act of 2013 as amended together with its regulations. The act lays down strategies that must be employed by organizations to combat money laundering and terrorism financing whichinclude the following: Employing know your clients, customers system by doing due diligence; Identification of clients, customers, other persons […]
RENEWAL OF AN NGO PERMIT OF OPERATION
In order for an NGO to legally operate in Uganda, it needs a valid permit of operation, obtained from the National Bureau of Non-Governmental Organizations.
