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
Don
THE third deputy Prime Minister Moses Ali has warned Ugandans living along the borders and those working in South Sudan against fighting Sudanese...
Tour operators petition Parliament over Isimba Dam
TOUR Operators under the umbrella body Save Adventure Tourism in Uganda (SATU) have petitioned Speaker of Parliament Rebecca Kadaga over the construction of Isimba Dam...
National IDs for students to be issued next month
THE Education Ministry will start issuing new standardized national Identity Cards (IDs) for students in pre-primary, primary, secondary and technical schools next month...
Opposition courts Mbabazi
UGANDA’S main opposition party Forum for Democratic Change has asked former Prime Minister, Amama Mbabazi, to join them and oust NRM from power in the 2016 elections...
Stop-start South Sudan peace talks resume
TALKS aimed at ending South Sudan's civil war resumed in Ethiopia, mediators said, as sporadic fighting continued to rage between rebel and government fighters...
Youth call for electoral reform
UGANDA is known to have the highest figures of people living under the age of 30 at 77% of the population according to UNICEF. However the 2011 elections only managed to attract 49% of the population...
Do you think installing CCTV cameras in public places will help in the fight against terrorism?
Yes
No
Can't Say
follow us
subscribe to our news letter