New Regulations on Money Lending
In 2016, Uganda reformed its laws by the enactment of the Tier 4 Microfinance Institutions and Money Lenders Act, 2016 (the Act). The purpose of the Act was to legitimize and build confidence in microfinance institutions (SACCOS, self-help groups, non-deposit taking, and community-based microfinance institutions) and money lenders who had for a long time remained outside […]
Key Highlights From The 2019 Amendments to the Ugandan Tax Legislations
The Budget Statement for the FY 2019/20 was read on 13 June 2019 by the Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija (MP) under the theme “Industrialization for Job Creation and Shared Prosperity”. It set out adjustments to the tax legislations effective 1 July 2019, the key highlights of which are set […]
Is your employment contract legal and enforceable under Ugandan law?
The relationship between an employer and his/her employee is contractual in nature and regulated by the terms and conditions of the contract of employment. However even though Uganda upholds the principle of the right to contract and will enforce any contract, it is important to note that every employment contract must meet the legal requirements. […]
Allowed Leave and holidays as provided for under the Employment Laws of Uganda
Annual Leave; an employee is entitled to a seven day holiday with full pay in respect of each four months of continuous service. Unless otherwise provided in the employment contract, an employee is entitled to annual leave of 21 working days in a year. Sick Leave; an employee who is sick is entitled to sick […]
Failure to declare correct purchase price of land amounts to fraud, Supreme Court rules in SCCA No.8 of 2018 Betty Kizito vs David Kizito Kanonya & 7 Others
In a decision that will certainly attract considerable discomfort among land conveyancing practitioners, the Supreme Court has, on 19th September 2019, ruled that under declaration of consideration and failure to disclose developments on land during the process of valuation for purposes of transfer amounts to fraud that renders a land transfer void. Delivering the lead […]