Uganda’s policymakers are facing a critical decision regarding a tax incentive implemented for the gold sector. For years, the country has offered preferential tax treatment to gold, justified as a means of attracting investment. This policy aimed to reduce costs and encourage growth within Uganda’s mineral wealth sector. However, the financial implications of this incentive are now under scrutiny, leading to questions about its long-term sustainability. Authorities in Kampala must now decide whether to continue the expensive experiment, potentially revising the regulations governing Uganda’s mineral resources. The future of the gold tax incentive and its impact on the East African nation’s economy remain uncertain.