Interest is defined by the Oxford Dictionary as money paid regularly at a particular rate for the use of money lent or for delaying the repayment of a debt.
Stamp duty is charged in accordance with Section 3 of the Stamp Duty Act on a range of written or electronic instruments within and outside Uganda.
The Law Revision (Miscellaneous Amendments) Act 2023 which was assented to by the President on 10th May 2023 is a crucial learning point in Uganda’s legal landscape.
The Stamp Duty Act often lingers in the shadows of more prominent tax laws like income tax, customs duties, and VAT, rendering it one of the lesser-known tax statutes.
