Accountancy in Uganda

>> Audit Requirements in Uganda

Requirement and thresholds

As a requirement of Companies Act 2012 of the laws of Uganda, all Limited Liability companies either public or private are required to have an annual statutory audit by a resident approved auditor. Annual audited financial statements are filled as Company Income declaration to the Uganda Revenue Authority. However, Income Tax as Amended recommends that those Companies with annual turnover below UGX 500m may remit their Income declaration to the Uganda Revenue Authority using management accounts.


Latest version updated 11th April 2019

Country Breakdown

44.27

Million

Population

USh

Ugandan shilling

Currency

$ 25.89

Billion

GDP

241,037

km2