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Tag Archives: oil companies

URA halts withholding tax on petroleum products transporters

Kampala, Uganda | THE INDEPENDENT | Oil marketing companies in Uganda have petitioned the Ministry of Finance to intervene in a tax dispute with Uganda Revenue Authority. Recently, URA wrote to the companies demanding that they remit 15 per cent withholding tax on all foreign transport payments incurred over the years …

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Auditor General on spot over classified expenditure audit

Kampala, Uganda | THE INDEPENDENT | The Finance Committee has pinned the Office of the Auditor General (OAG) over unaudited accounts of classified expenditures, amounting Shs6.8 trillion. Lawmakers who were receiving the 2022/2023 budget of the OAG from the Auditor General, John Muwanga on Monday, also accused the audit body of …

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Kabuleta promises to cancel oil contracts

Hoima, Uganda |  THE INDEPENDENT | Independent presidential candidate, Joseph Kabuleta has promised to renegotiate the oil contracts government has made with international oil companies.  Kabuleta believes that there was no transparency in the negotiations of the contracts, which are meant to benefit a few individuals in power. He was speaking …

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Oil companies faulted for not employing native Banyoro

Kampala, Uganda | THE INDEPENDENT | Oil companies operating in the Albertine region have been faulted for not employing the natives from the region. Speaking during the second and last Public hearing for the Kingfisher Environmental and social impact Assessment-ESIA report for the proposed oil development projects on Friday at …

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Gov’t, Oil companies yet to agree on tax, recoverable costs

Kampala, Uganda | THE INDEPENDENT | The government and oil companies have failed to reach a consensus on key issues which could potentially create more delays for the Final Investment Decision (FID). The delay is a setback to the planned construction of the pipeline and the refinery. The contentious issues …

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