National
URA wins $400m case against TullowPublish Date: Jul 16, 2014
URA wins $400m case against Tullow
  • mail
  • img
Petroleum Drillers at the exlporation area 3A near Lake Albert
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
Opposition MPs want select committee to probe Rwenzori attacks
Wafula Oguttu has said that there is a crisis in Rwenzori region which needs urgent attention....
Sudanese Christian woman spared death meets Pope
A Sudanese Christian woman whose death sentence for renouncing Islam sparked a global outcry that eventually led to an acquittal, met Pope Francis on Thursday after arriving in Italy en route to the United States...
Govt asked to compensate Opit Shooting victims
Parliament has asked government to compensate families of the February 7, 2014 shooting at Opit trading center in Gulu district where one person was instantly killed and four others severely injured by Private (pte) Alfred Drani, a local defence unit (LDU)...
Emulate Uganda Martyrs, catholics told
Vicar General of Kampala Archdiocese Monsignor Charles Kasibante has urged Ugandans to emulate the spirit of the Uganda Martyrs in loving one another irrespective religion, so as to build a better country...
HIV prevalence high among security forces
HIV/AIDS prevalence among uniformed service groups (army, police and prisons) is on the rise at 7.3%, a new report by Makerere University’s Joint AIDS Programme (MJAP) shows...
SPLA rebels hopeful for another Kampala meet
Officials from the SPLA faction of Dr. Riek Machar are planning to return to Uganda to meet President Yoweri Museveni....
Should government review powers of kings?
Yes
No
Can't Say
follow us
subscribe to our news letter