URA Will Battle Oil Companies

Commissioner General of the Uganda Revenue Authority, Doris Akol
Commissioner General of the Uganda Revenue Authority, Doris Akol

With oil production expected to begin in a few years, oil companies are bound to start making lots of money. However, the Uganda Revenue Authority warns these oil companies against attempting to avoid paying taxes.

The Uganda Revenue Authority has warned oil firms against tax avoidance schemes once commercial oil production starts.

Speaking on the sidelines of a meeting on transparency in the extractive industry the Commissioner General of the Uganda Revenue Authority, Doris Akol, says work is already in progress for building URA’s capacity to accurately track revenues and tax the incomes of oil companies.

Source: NTV

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