Uganda scraps taxes on oil, gas, mining exploration

Uganda scraps taxes on oil, gas, mining exploration

Ugandan government abolished taxes on its emerging oil, gas and mining exploration industries to encourage growth, Finance Minister Matia Kasaija said.

“We shall only start taxing you when you start production,” Kasaija said at an oil conference Tuesday in the capital, Kampala, according to media reports.

The announcement follows talks between the government and the Uganda Chamber of Mines and Petroleum to have companies exempted from value-added and withholding taxes during the investment phase of projects.

Oil and Gas Press

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