Uganda gold export tax, In signing the Mining and
Uganda gold export tax, Ministry of Energy and Mineral Development: Regulates mining, gold trade, and ensures compliance with national mining laws. 9% purity). Nov 25, 2024 · Huge sums of taxes assessed on gold exports remain unpaid months after closure of the 2023/24 financial year, data from Uganda Revenue Authority (URA), shows. This article delves deep into Uganda’s gold export tax regime—its history, current structure, procedural intricacies, economic ripple effects, and future trajectory. Nov 21, 2024 · Understand Uganda’s gold export taxes and regulations. In signing the Mining and Any search in the laws of Uganda will not find an exemption to paying tax on gold,” said Kiryowa Kiwanuka. Sep 2, 2025 · This article guides a first-time gold exporter by providing a step-by-step export process for acquisition and exportation of Gold and other precious metals from Uganda. This is paid to the URA at export declaration, separate from royalties (3-5% on mine value) and withholding taxes on dealers. He said gold exporters obtained the interim orders despite having agreed to terms contained in the Mining and Minerals Act, 2022 that require a percentage of tax to be paid on gold exports. As of September 2025, the gold export tax—officially the Export Levy on Refined Gold—is a flat US$200 per kilogram on processed gold (99. Gold Is Powering Uganda’s Export Economy Gold has become one of Uganda’s strongest export commodities, generating an estimated US$5. Uganda gold export Nov 25, 2024 · The unpaid taxes are a significant blow to Uganda’s economy, which relies heavily on gold exports. 25 billion in 2019 to nearly $6. Ministry of Finance, Planning and Economic Development: Issues export permits and licenses. Understanding gold taxes in Uganda is essential for navigating the country’s booming gold industry. Uganda Revenue Authority (URA): Oversees customs clearance, duties, and export taxes. The current tax regime, including the $200 per kilogram levy on refined gold and 5% levy on unprocessed gold, reflects a balance between revenue generation and industry growth. . The new levy represents government’s most aggressive pursuit of revenue from one of the largest export earners in Uganda today. Gold has become Uganda’s number one export, accounting for over 42% of the country’s total export receipts in the 2023/24 financial year. 4 billion in 2025, making gold the country’s leading export earner. 2 days ago · Uganda’s gold export data has drawn sustained attention in Congolese media in recent weeks. According to Bank of Uganda figures, gold export revenues rose from roughly $1. Bank of Uganda (BoU): Monitors gold-related financial transactions and foreign exchange for Feb 25, 2023 · DEI – Uganda has introduced new financial regulations for its precious metals industry, slapping a tax levy of $200 per kilogram of refined gold exported out of the country, and a 5 per cent tax rate on every kilo of unprocessed gold. Feb 5, 2025 · All exporters must pay all applicable taxes and export duties and Uganda imposes a 5% export levy on refined gold and a 10% export levy on unprocessed gold. 8 billion in 2025. Dec 10, 2025 · This guide demystifies the Uganda gold export tax, from rates and calculations to procedural steps, helping you trade smarter, rank higher in compliance, and build lasting authority in the gold export niche. Learn about the requirements, costs, and steps to export gold legally and efficiently from Uganda.
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