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
Prove you
A top Muslim cleric has challenged Uganda’s political leaders to prove that they are better than Idi Amin - Uganda’s former President who was ousted in 1979...
Farmers collect signatures to have agric taxes dropped
Over 100 farmers have launched a a campaign to collect 1 million signatures to petition the Speaker of Parliament to news taxes imposed on agricultural inputs...
Bunyoro to set up sports academy, leadership institute
Bunyoro Kitara Kingdom and churches plan to set up a transformational leadership institute and a sports academy...
Ugandan elected to head Lions Club International
A Ugandan has been installed as District Governor for Lions Club International to represent the country and Tanzania....
Handshakes not hygienic, say scientists
Fist bumps are more hygienic than handshakes and drastically reduce the risk of spreading infectious diseases, researchers in Britain have found....
Uganda pilgrims return from Israel
A group of 19 Ugandans which left for the biblical promised land, Canan for a holy tour has returned. The group comprising of Christians and Muslims left for Israel on July 13....
Should voters be given poer to recall their MPs?
Yes
No
Can't Say
follow us
subscribe to our news letter