Uganda Case Law

Stanbic Bank Holdings Limited v Uganda Revenue Authority (Application No. TAT 56 of 2019)

Stanbic Bank Holdings Limited v Uganda Revenue Authority (Application No. TAT 56 of 2019) [2022] UGTAT 1 (21 March 2022)

Court

Tax Appeals Tribunal (Uganda)

Case number

Application No. TAT 56 of 2019

Judges

Katwe, Panel Member, Mugerwa, Mugenyi, Chairperson

The Tribunal held that performance bonds, advance payment bonds, and generic guarantees were indemnity bonds taxable at 1%, while bid bonds fell under the nominal bond rate.

• Stamp Duty
• Indemnity Bonds
• Performance Bonds
• Advance Payment Bonds
• Bid Bonds
• Statutory Interpretation