Jurisdiction: Uganda · Decision: Commercial Court, Civil Appeal No. 26 of 2022 · Judgment date: 11 June 2026 · FGL review: September 2026 Uganda's Commercial Court has upheld a VAT assessment of UGX 3,482,492,210 against Ernst & Young Uganda in a dispute over services received from non-resident group entities and other foreign service providers. The decision is important because it gives businesses a current judicial example of how Uganda's imported-services VAT rules can apply to cross-border support, technology and professional-service arrangements. What the case was about In Ernst and Young v Uganda Revenue Authority , Civil Appeal No. 26 of 2022, the dispute concerned services obtained from entities outside Uganda, including members of the wider EY network and third-party foreign suppliers. URA treated the services as imported services and assessed VAT for the period January 2014 to June 2018. EY challenged the treatment, including arguments about where the s...

Jurisdiction: Uganda · Topic: Taxpayer identification · FGL review: September 2026 Uganda's taxpayer-identification framework changed in 2025. For tax-law purposes, an individual's National Identification Number (NIN) and a non-individual's Uganda Registration Services Bureau registration number are now used as tax identification numbers. At the same time, URA is still operating legacy TIN services while it integrates NIN, BRN and TIN records. That distinction matters. The legal identifier has changed, but taxpayers should not assume that every existing URA process, account reference or historic TIN has disappeared overnight. What the law changed The Tax Procedures Code (Amendment) Act, 2025 substituted section 4 of the Tax Procedures Code Act. For tax purposes, it provides that: an individual's NIN issued under Uganda's national identification system is used as the tax identification number; a registration number issued by URSB is used for a non-indivi...

IFRS 18 Presentation and Disclosure in Financial Statements becomes effective for annual reporting periods beginning on or after 1 January 2027. For finance teams, however, implementation begins before that date. A calendar-year entity applying IFRS 18 from 1 January 2027 will present 2026 comparative information under the new Standard. This means transactions, account mappings, management performance measures, cash-flow classifications and disclosure data being generated during 2026 may ultimately need to support an IFRS 18 presentation. IFRS 18 replaces IAS 1 Presentation of Financial Statements . Its most visible effect is on the statement of profit or loss, but implementation reaches much further: chart-of-account design, consolidation mappings, management reporting, investor communications, treasury classifications, expense analysis, comparative restatement, financial reporting controls and audit evidence may all need attention. The International Accounting Standards ...