The Uganda Income Tax Act 1997 : a primer on concepts and structure

Chapter 1: Introduction Background Brief History of the Income Tax Acts. Chapter 2: Tax Law in the Legal System Basic and ancillary law Ugandan Constitution Branches of the Ugandan legal system Sources of income tax law Primary legislation Subordinate legislation Case law Law reports. Chapter 3: Statutory Interpretation Background Literal rule Purposive approach Scheme and purpose of an Act The Interpretation Act Case study. Chapter 4: The Scheme of the Income Tax Legislation Simplified overview of the income and deductions sides of the chargeable income equation Charging section Year of income Person Chargeable income Exceptions to general rule Rental income derived by an individual Schedular nature of the ITA. Chapter 5: Residence and Source of Income The meaning of chargeable income Gross income Jurisdictional limitation Resident of Uganda Resident individual Resident company Ugandan sourced income Case studies. Chapter 6: Taxation of Chargeable and Other Income Gross income Exempt income Section 21 exemptions Participation exemption Foreign sourced employment income Chargeable income of insurance businesses Chargeable income of telecommunications service providers Schedules update Final withholding tax on employment income Final withholding tax on nonemployment income Nonresident shipping, air and road transporters Repatriated branch profits. Chapter 7: Gross Income Introduction Business income Disposal of business assets Calculation of gain on disposal of assets Employment income Property income Capital gains Other income Case studies. Business income (2). Chapter 8: Deductions General deduction rule Apportionment of deductions Capital losses on asset disposals Deemed deduction from rental income Graduated tax Prohibited deductions Domestic or private expenditure or loss Capital expenditure or loss Other prohibited deductions Specific deductions Meals, refreshments and entertainment Bad debts Interest Repairs Training Depreciation Vehicles Initial allowance Industrial buildings Minor capital expenditure Startup costs Intangible assets Scientific research Charitable donations Farming Mineral exploration Losses Farming losses Case studies. Chapter 9: Timing of Income and Deductions Introduction Tax accounting Prepayments Claim of right Longterm contracts Trading stock Finance leases Discounts and premiums on debt obligations Foreign currency debt gains and losses Recouped expenditure Case studies. Chapter 10: Determination of Income Tax Payable Introduction Rates of tax Tax credits Foreign tax credit Limitation on foreign tax credit Other tax credits Case study. Chapter 11: Antiavoidance provisions Introduction Specific antiavoidance rules Transactions between associated persons Transfer pricing Valuation Indirect payments and benefits Income splitting Foreign currency debt losses Dividend stripping Thin capitalisation GAAR Case studies.Appendix 1: Income Tax Act 1997. Appendix 2: Statutory Instrument: Example. Appendix 3: Tax Cases: Guidance for Case Studies.