2025-07-18
Taxing The Elusive Gain: A Legal And Policy Analysis Of Capital Gains Tax In Uganda And East Africa
Article by Calvin Stewart Obita
Abstract
This paper analyses the legal and policy frameworks surrounding capital gains taxation (CGT) in Uganda and East Africa, focusing on the implications for economic development and tax equity. It critiques Uganda's integration of CGT into business income taxation, leading to ambiguity and compliance challenges that disproportionately affect individuals outside the business sector. The study explores regional comparisons, particularly with Kenya, Tanzania, and Rwanda, highlighting the need for a distinct and coherent CGT policy to enhance revenue mobilisation and reduce reliance on external funding. Ultimately, it advocates for reforms to align Uganda's CGT practices with international best standards, promoting fairness and efficiency in the tax system while addressing significant revenue leakage issues.
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