What is Tax Paying?
Taxes are mandatory contributions levied on individuals or corporations by a government entity whether local, regional, or national.
Best Tax Paying Companies In Uganda
| Rank | Company | Industry | Description |
|---|---|---|---|
| 1 | MTN Uganda | Telecoms | MTN Uganda is the largest telecom company in Uganda, and a subsidiary of MTN Group, a multinational telecommunications group connecting approximately 232 million people in 22 countries across Africa and the Middle East. |
| 2 | Nile Breweries | Consumer Goods | SABMiller Plc acquired Nile Breweries in 2001. The combined capacity of NBL, with two plants in Jinja and Mbarara, stands at 2.45 million hectolitres of beer, making it the No 1 provider of locally produced beer in Uganda, with a 59% market share. |
| 3 | Airtel Uganda | Telecoms | Airtel is a leading provider of prepaid, postpaid mobile, and 4G services in Uganda. The company is owned by the Indian parent company Bharti Airtel Limited and also offers mobile funds transfer and banking services known as Airtel Payments Bank. |
| 4 | Uganda Breweries | Consumer Goods | Uganda Breweries is one of Uganda’s largest breweries, manufacturing beers, spirits, and non-alcoholic beverages. It owns and markets a number of beers such as Bell Lager, Senator Lager, Pilsner Lager, Ngule, Tusker Lager, Tusker Lite, Guinness, etc. |
| 5 | Stanbic Bank | Banking | Stanbic Bank Uganda (SBU) is one of the 25 licensed commercial banks by the Bank of Uganda. The bank is a majority owned subsidiary of Stanbic Africa Holdings Limited, which is in turn owned by Standard Bank Group Limited. |
| 6 | Tororo Cement | Construction | Tororo Cement Limited (TCL) is the largest producer of cement in Uganda, producing an estimated 1.8 million metric tonnes annually and providing employment to around 8.000 people. |
| 7 | Century Bottling Company | Consumer Goods | Bujagali Energy Limited started in 2004 and owns the largest hydropower plant in Uganda. The Project was commissioned on August 1, 2012, and has been operating with an availability of 99% since then. |
| 8 | Bujagali Energy | Utilities | Century Bottling Company is the official authorized producer and distributor of Coca-Cola products in Uganda, such as Coke, Dasani, and Fanta. The company owns two plants: one in Namanve and another in Mbarara. |
| 9 | Kakira Sugar | Consumer Goods | Kakira Sugar is a leading sugar manufacturer in Uganda. The company produces more than 165,000 tonnes of sugar per year, accounting for nearly 47% of the sugar supply in Uganda. |
| 10 | Umeme | Utilities | Stanbic Bank Uganda (SBU) is one of the 25 licensed commercial banks by the Bank of Uganda. The bank is a majority-owned subsidiary of Stanbic Africa Holdings Limited, which is in turn owned by Standard Bank Group Limited. |
How much is an individual tax in Uganda?
| Personal income tax | Progressive rates from 0 to 40% |
| From UGX 0 to 2,820,000 | 0% |
| From UGX 2,820,000 to 4,020,000 | 10% |
| From UGX 4,020,000 to 4,920,000 | UGX 120,000 + 20% |
| From UGX 4,920,000 to 120,000,000 | UGX 300,000 + 30% |
| Above UGX 120,000,000 | UGX 34,824,000 + 40% |
| Non-resident individuals | |
| From UGX 0 to 4,020,000 | 10% |
| From UGX 4,020,001 to 4,920,000 | UGX 402,000 + 20% |
| From UGX 4,920,001 to 120,000,000 | UGX 582,000 + 30% |
| Above UGX 120,000,000 | UGX 35,106,000 + 40% |
| Rental income | 30% (a deduction of interest on the mortgage obtained to construct or acquire the premises that generate the income is allowed, plus a subtraction of expenses and losses, capped at 75% of gross rental income) |
Which company in Uganda pays the highest tax?
Mr. Museveni named telecom company MTN as the highest taxpayer with expected annual returns of Shs701b, followed by Airtel with Shs500b and Bank of Uganda (BoU) with Shs451b.