Categotry Archives: Tax

Uganda be kidding me!

There is a press release on the website of Irish independent Tullow Oil which needs to be given wider attention (emphasis mine): Tullow Oil plc announces today that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT). … Tullow can confirm that the TAT has ruled against Tullow on the key issue of the express tax exemption contained in the Production Sharing Agreement for Exploration Area […]