Uganda Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Bank of Uganda Warns Supervised Entities Against Dealing, Financial Intelligence Authority, Bank of Uganda Circular, Capital Markets Authority, Bank of Uganda Act

Primary Legislation

NPS Act, National Payment Systems Act, 2020: https://www.bou.or.ug/bou/docs/NPS%20Act,%20, and subsequent amendments, available via Uganda Legal Information Institute: https://www.ulii.org/ug/legislation/act/2013/6, The Financial Institutions Act, 2004 (as amended): This Act empowers the BoU to, The Anti-Money Laundering Act, 2013 (as amended): This Act provides the legal fr

Travel Rule

Not adopted

Tax Reporting

For Individuals: If an individual disposes of crypto assets that result in a gain, this gain would typically be added to their other income and taxed at the standard individual income tax rates.. Rates (Resident Individuals - PAYE structure, subject to frequent updates):. Up to UGX 2,820,000 per annum: Exempt. UGX 2,820,001 - UGX 4,020,000: 10%. UGX 4,020,001 - UGX 6,240,000: UGX 120,000 + 20% of amount over UGX 4,020,000

Key Facts

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