Uganda to impose tax on foreign digital companies
The Parliament of Uganda has imposed new law that imposes a 5 percent tax on the income earned in the country by foreign digital companies offering services such as data, online gaming, accessing and downloading digital content, and data warehousing. Affected companies include Meta, Twitter, Uber, Netflix, Amazon, and Google. Read more https://nation.africa/kenya/business/technology/uganda-passes-law-imposing-t... Have these countries been enjoying a free ride on emerging markets? What are the consequences of the new taxes by countries in Africa? Should the digital companies be paying taxes in jurisdictions where they operate? How are the value or the taxes arrived at and how is compliance enforced? -- Best Regards, ______________________ Mwendwa Kivuva, Nairobi, Kenya https://www.linkedin.com/in/mwendwa-kivuva
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Mwendwa Kivuva