Uganda Received a Mere 4% in Taxes From Tullow Oil Farm-down
It has emerged that Uganda received just a mere 4% of the total transaction amount in the recent farm-down by Irish explorer Tullow Oil in its sale of its assets … Read More
Tag: capital gains tax
Developing Capacity: OBG talks to Donald Mahaga, Chairman, Kenya Oil and Gas Association from The Report: Kenya 2016
Interview: Donald Mahaga What are the largest challenges faced by producers in commercialising onshore finds in Kenya? DONALD MAHAGA: Although we are still quite a few years away from commercialisation in … Read More
Mozambique’s extractive sector revenue triple boosted by capital gains tax
[twitter-follow screen_name=’oilnewskenya’] Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of capital gains tax in the country according to a new … Read More
Kenya’s finance bill offers a mixed picture for oil and gas investors – Africa Oil
[twitter-follow screen_name=’oilnewskenya’] Africa Oil has in a statement said that the recently assented to Finance bill by President Uhuru Kenyatta and whose publication is imminent will impact on the oil … Read More
London’s Court of Appeal rules in favor of Tullow Oil in Uganda’s capital gains tax case
[twitter-follow screen_name=’oilnewskenya’] Tullow Oil plc has announced that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and … Read More
Tullow Oil to challenge the Tax Appeals Tribunal ruling in Uganda
Tullow Oil plc has announced that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT). The … Read More
East Africa lacks extractive industry taxation capacity
Article courtesy of OxfamAmerica Dr. Prosper Ngowi Dr. Prosper Ngowi, an economics professor from Tanzania, said that Tanzania has lost a lot of revenue from the gold sector because of … Read More