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Manage your IFRS accounting, your URA EFRIS compliance and your July-June fiscal year from a single platform. Built for Ugandan SMEs, Kampala coffee and tea exporters and pan-African groups within the East African Community.
~48M
Population
~6%
GDP Growth
18%
Standard VAT Rate
2021
EFRIS mandatory since
Uganda applies full IFRS for public interest entities (companies listed on the Uganda Securities Exchange, banks, insurers) and IFRS for SMEs for small and medium-sized enterprises. The Institute of Certified Public Accountants of Uganda (ICPAU) oversees the application of these standards and the certification of accounting professionals. Mandatory financial statements: Statement of Financial Position, Statement of Comprehensive Income, Statement of Cash Flows and Statement of Changes in Equity. The IFRS for SMEs framework is particularly suited to small Ugandan entities thanks to its simplified 35-section structure.
Uganda mandated the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) in 2021 for all VAT-registered taxpayers. EFRIS is a national cloud platform operated by the Uganda Revenue Authority (URA) which requires real-time transmission of every invoice, receipt and credit note. Each document receives a unique fiscal number (FDN - Fiscal Document Number) and a QR code allowing instant verification by buyers. Non-compliance with EFRIS triggers penalties up to UGX 6 million per offence plus increased VAT reassessment.
Ugandan tax framework governing corporate income tax (30% standard rate, 15% for the mining sector), VAT (18% standard rate, 0% on exports) and PAYE (progressive scale up to 40%). Major Ugandan specificity: the national fiscal year runs from <strong>1 July to 30 June</strong> (atypical in Africa). The VAT registration threshold is set at UGX 150 million (~EUR 38,000) of annual turnover. Updated annually through the Tax Amendment Act.
Mandatory social contributions: NSSF (National Social Security Fund) at 10% of gross salary on the employer side and 5% on the employee side (total 15%). Local Service Tax (LST) is levied annually by local authorities on salaries. PAYE is withheld monthly with a progressive scale from 0% (below UGX 3.36M per month) to 40% (above UGX 3.36M per month). Monthly filings via the URA Online Services portal.
The Ugandan tax system is governed by the Income Tax Act, the Value Added Tax Act and the Tax Procedures Code Act 2014, and administered by the Uganda Revenue Authority (URA). Uganda is a member of the East African Community (EAC) and COMESA. The URA Online Services portal is the single entry point for all tax filings, complemented by the EFRIS platform for mandatory e-invoicing.
Unlike most African countries that follow the calendar year (January-December), Uganda applies a national fiscal year from 1 July to 30 June. This specificity impacts tax filings, CIT returns, annual budgets and group reporting for subsidiaries of foreign companies. CassKai natively handles offset fiscal years and offers configurable periods with automatic restatement for the consolidation of foreign subsidiaries.
Uganda is actively developing its oil sector following discoveries in the Hoima / Lake Albert basin (first production expected 2026-2027 via the EACOP pipeline to Tanga in Tanzania). The sector is governed by the Petroleum Act 2013 and subject to a specific tax regime with Production Sharing Agreements (PSA), ad valorem royalties (5% to 12.5% depending on the field), Stamp Duty and partial local content obligations. CassKai integrates accounting templates specific to the oil sector and facilitates coupled URA / Petroleum Authority of Uganda (PAU) filings.
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