Income of collective investment schemes in Uganda – what exempt from tax means

The Capital Markets Authority (CMA) licenses Collective Investment Scheme (CIS) in Uganda. According to the CMA website, the licensed schemes include Britam, ICEA, UAP, Sanlam, SBG and Xeno. What is a CIS? This is defined under Section 3 of the Collective Investment Scheme Act of 2003 as “….any arrangement with... Read More

March 22, 2023    By Dr Albert Richards Otete