Uganda Tax & Legal Viewpoint: COVID-19 has been saved
Uganda Tax & Legal Viewpoint: COVID-19
Keeping you updated
As the effects of the novel coronavirus disease 2019 (COVID-19) are felt around the world, the primary focus of governments and businesses is the safety of their citizens, employees, and customers.
The Government of Uganda’s public policy measures put in place to contain the spread of COVID-19, including the mandatory lockdown and night curfew, are resulting in significant operational disruptions for many companies in Uganda.
A number of companies now face weeks, if not months, of challenging trading conditions. For most, the revenue lost in this period represents a permanent loss rather than a timing difference and is putting sudden, unanticipated pressure on working capital lines and liquidity.
But how should businesses respond?
Deloitte’s viewpoint explores the critical focus areas to guide executives to take proactive measures to ensure that their responses in these unprecedented times align with the fast-changing economic circumstances.
For more information on planning for the impacts of COVID-19 on your business, please contact the team listed in this publication.