The 2026/2027 financial year commenced on 1st July 2026 with several amendments to Uganda's tax laws. While most of the tax amendment Bills were assented to before the commencement of the new financial year, the Income Tax (Amendment) Bill, 2026 and the Excise Duty (Amendment) Bill, 2026 took a different legislative path. Both Bills had been passed by Parliament but were returned by H.E. the President for reconsideration. Parliament subsequently reconsidered the President's recommendations and passed the Bills with the proposed changes. The President has now assented to both amendments, bringing the two Acts into force with effect from 1st July 2026.

This update highlights the significance of the delayed assent, the changes arising from the reconsideration process, and, particularly, what employers should do in relation to July and August 2026 PAYE.

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