Kampala Associated Advocates is a full-service law firm that advises clients on a range of legal issues, including litigation, dispute resolution, arbitration, taxation, banking and finance, debt collection and credit management, energy, mining, oil and gas, environment, infrastructure and public private partnerships, employment and labour, corporate advisory, real estate and conveyancing, and The National Seminar on Managing Oil Revenue was held close to two years after the offi cial announcement of the oil discovery. The magnitude of Uganda’s oil fi ndings have in the meantime vastly expanded, with international oil companies fi nding oil (frequently in combination with gas) from all the drilled prospects undertaken thus far. Uganda has 6.5 billion barrels of oil, with between 1.4 and 1.7 billion recoverable in the 40 per cent explored areas in the Albertine Graben. Estimates show that up to $15 billion will be required to commercialise the resources. Planned utilization of oil and gas revenue The oil and gas revenues will certainly dramatically increase the government revenue for investing in building the country’s infrastructure, agricultural transformation, and human capital development. The investment is very necessary for the development of Uganda. “The double-taxation principle is to benefit us, not the foreign oil companies,” Mugume told Uganda’s Daily Monitor newspaper. HOGL, however, embarked on a different game plan that people familiar with the dealings in the underworld of tax evasion say could have only been to deprive Uganda of the tax revenue.
The leading global oil, gas and energy news resource. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. The OfD programme supported the authorities in Uganda in developing regulations for the planned East African Crude Oil Pipeline (EACOP) that will be the key export route for the oil from Uganda. EACOP is planned to be a 1445 km long, 24” diameter pipeline from Hoima in Uganda to Tanga on the coast of Tanzania. Under a concession, an oil and gas company is granted exclusive rights to exploration and production of the concession area and owns all oil and gas production. Under concession an oil and gas company typically pays royalties and corporate income tax. Other payments to the government may be Tax regime definitions. Concession. Under a concession, an oil and gas company is granted exclusive rights to exploration and production of the concession area and owns all oil and gas production. Under concession an oil and gas company typically pays royalties and corporate income tax.
23 Aug 2010 How did Tullow Oil get to pay so much money without a guarantee or a Heritage Oil and Gas Limited has paid the taxes or demonstrated to Oil and Gas laws in Uganda: a legislators’ Guide 7 1. introduction Uganda has been described by the oil industry press as Africa’s ‘hottest inland exploration frontier’. Exploration is taking place across the entire Albertine Rift in Uganda, with five out of nine oil-prospecting blocks established by the government The above 22 points represent the oil tax regime in Uganda. Now we can have the conversation about the tax disputes and how they have thrown oil production plan in turmoil. The writer is the CEO, Tax Director & Tax Agent Advisory TASLAF Consultants Ltd Uganda Revenue Authority wins USD435M Oil Tax case against Heritage Oil. Uganda Wednesday won the first round of the $435m oil tax a decision that reaffirms its ability to control and manage the nascent oil and gas industry. The Tax Appeals Tribunal after a three hour session upheld that the transaction was taxable and the amount ($434.9m) assessed by URA remains the same. Oil and Gas Tax Guide for Africa 2017 4 Country profile Brief overview of the oil and gas developments in Algeria Algeria’s first commercial oil discovery occurred in 1956 with production beginning in 1958. Algeria currently has proven reserves of 12.2bn barrels and crude oil production of 1.146 m bpd which provides around 35% of The oil and gas sector is a new sector to the Ugandan economy and has come at a time when the country lacks adequate policy, legal and institutional frameworks to meet the demands of the emerging industry in terms of taxation, revenue management, investment, employment, balancing economic growth and
fiscal regimes for oil, gas, and mineral taxation, the focus being on taxation in scheme (which dates back to 1918 and is also used by Botswana, Uganda and.
6 Oct 2019 Tullow Oil workers at a rig in Buliisa in Uganda. a month after suspending all technical activities in Uganda's budding oil and gas sector. between the Government of the Republic of Uganda, acting through the at the wellhead or gas/oil separator or which is extracted from Natural Gas in a taxes, duties, levies or other lawful impositions applicable to Licensee shall be paid by. 5 Sep 2019 A deal to build an oil pipeline in Uganda has come to an end due to a tax dispute with the Ugandan government. Tullow Oil, Total and China 30 Jan 2009 Taxation and Fiscal Management It contributes to the key goal of the Government's oil and gas policy: to spend oil revenues wisely and