National
URA wins $400m case against Tullow
Publish Date: Jul 16, 2014
URA wins $400m case against Tullow
Petroleum Drillers at the exlporation area 3A near Lake Albert
  • mail
  • img
newvision

By Vision Reporter

Uganda Revenue Authority has won the $402,095,366 (about sh1 trillion) capital gains tax dispute against Tullow Uganda Ltd and Tullow Operational PTY Ltd.

This means URA can now collect over sh1 trillion in taxes from Tullow, following a ruling of the Tax Appeals Tribunal.

The ruling in full 

Tullow Oil Vs Uganda Revenue Authority Before the TAX APPEALS TRIBUNAL

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Over 20 city vendors and buyers arrested by KCCA
KAMPALA Capital City Authority in yet another operation arrested over 20 vendors and buyers who were operating their businesses along the City streets...
Gender ministry launches child care project
MINISTER Sulaiman Madada said the project will help decongest orphanages in the country and find an alternative way of looking after orphans rather than keep them in the orphanage...
EALA session commences in Kigali
The second meeting of the 3rd Session of the 3rd Assembly commenced in Kigali, Rwanda Tuesday afternoon...
Makerere University has canceled graduation fees increment following a students strike...
Makerere backtracks on graduation fees
Graduation fees will remain unchanged, Makerere University administration has announced....
Amama should declare his interests - DP
THE Democratic Party (DP) has said that short of former Prime Minister Amama Mbabazi being held accountable for alleged wrongs committed while still in good books of the NRM...
Do Ugandan tycoons prepare their children to take over their business empires?
Yes
No
Can't Say
follow us
subscribe to our news letter