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Uganda Wealth Tax Guide 2026

Uganda does not impose any form of wealth tax, net worth tax, or annual tax on assets. There are no taxes on shares, bank deposits, jewellery, art, or other personal assets. The only property-related charges are transfer taxes (stamp duty, registration fees) and local government property rates.

No Wealth Tax

Uganda has no wealth tax. Individuals and companies are not subject to any annual tax based on their net worth or total assets. This means no tax on shares, bonds, bank deposits, real estate (beyond local rates), vehicles, jewellery, or other personal assets.

No Net Worth Tax

There is no net worth tax in Uganda. Unlike some countries that impose an annual tax based on total assets minus liabilities, Uganda's tax system focuses on income and consumption rather than wealth holdings.

Property-Related Charges

While there is no wealth tax on property, the following charges may apply:

  • Stamp duty: 1% on property transfers (buyer pays)
  • Registration fees: 1.5% on property registration
  • Ground rent: Annual charge on leasehold land payable to local government
  • Property rates: Annual local government tax based on rateable value

Comparison with Other Countries

Uganda's absence of wealth tax is common in East Africa. Kenya, Tanzania, and Rwanda also do not impose wealth taxes. This makes Uganda attractive for high-net-worth individuals looking to hold assets without annual wealth tax liabilities.

Disclaimer

This guide provides general information. Tax laws may change. Consult a qualified Ugandan tax advisor or URA for your specific situation.

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