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Excise Duty Act (Cap 336)provision pendingFY2023/24Excise Duty (Amendment) (No. 2) Act 2023 (Act 24 of 2023)

Case file EDA-2023-ISLAMIC

Excise duty on bank charges extended to Islamic banking equivalents

Highest rung reached: Verified lawLaw: read in a statutory textBase broadening · Widen the base

1 point pending verification

  • The FY2023/24 budget speech and its forecast; URA prints yields by tax head only for this year.
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Law

Principal Act
Excise Duty Act (Cap 336), enacted as Act 11 of 2014
Amending Act
Excise Duty (Amendment) (No. 2) Act 2023 (Act 24 of 2023) (verified)
Provision, revised numbering (2023 revision)
pending verification
Provision, numbering before the revision
Sch. 2, item 14
Principal Act dates
assent 2014-10-19; gazette 2014-10-24; commencement 2014-07-01; Uganda Gazette 61
Amending Act in force from
25 August 2023 (assented 17 August 2023; gazetted 25 August 2023)
Tax heads and taxpayers affected
Excise duty. Customers of Islamic banking, taxed like customers of conventional banks.
Status
Legal: pending verification. Implementation: pending verification.

The wording in force

Sch. 2, item 14
as at 2023-08-25

Ledger fees, ATM fees, withdrawal fees, periodic charges and other transaction and non-transaction charges, excluding loans or the equivalent under Islamic banking- related charges, periodically charged by a financial institution or micro finance deposit-taking institution. Verified law: Wording or a date read in a statutory text, with the version and page named.[ACT-EDA-2023-24, PDF page 1, s. 1]

Redline pending verification

The wording before this amendment was not read, so no redline is drawn. The amending Act, or the consolidated text as it stood the year before, would supply it.

Evidence classes: § Verified law · ○ Observed · = Derived · → Official forecast · ← Reported yield · ≈ Modelled estimate · ⇒ Causal estimate · ~ Association · ¶ Interpretation · ? Hypothesis · + Proposed reform · ! Unverified. Hover or focus a mark for its definition.