Direct answer
Presumptive tax applies to small businesses with annual gross turnover between UGX 10,000,000 and UGX 150,000,000 that are not VAT registered. Rates range from a flat fee of UGX 80,000 up to $1.5\%$ of gross turnover depending on record-keeping and turnover bracket.
Practical tips
- Always ensure you understand the presumptive requirements. - Keep detailed records, as mentioned: 'rates...' - Seek professional advice when in doubt about legal or financial matters.
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