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
Four shot dead in Mbarara bar brawl
Four people were Friday night shot dead in a bar brawl in Mbarara...
Uganda receives Sh49b for refugees
The Nations of United States (US) and Australia have contributed US$17.7m (Sh 49.56b) to Uganda to help in resumption of distribution of full- sized food rations to all refugees in Uganda...
Breastfeeding mothers ‘should be screened for HIV’
In the wake of rising infection rates, breastfeeding mothers should be constantly screened to safeguard infants from contracting HIV/AIDS, experts say....
Muslims told on discipline, unity
The UMSC spokesman Haji Nsereko Mutumba calls for discipline among Muslims, noting that lack of discipline is the genesis of most of the challenges facing the entire Muslim community....
Yiiya Ssente forum: Past participants to share testimonies
The Yiiya Ssente business forum is on today at Kololo Airstrip....
Ex-army court chairman Brig. Rwehururu dies
Former General Court Martial chairman retired Brig. Bernard Rwehururu has died, his family says....
Do you think government is doing enough to contain the typhoid out break?
Yes
No
Can't Say
follow us
subscribe to our news letter