Total Uganda Ltd v Uganda Revenue Authority
Total Uganda Ltd v Uganda Revenue Authority (Civil Appeal No. 6 of 2001) [2001] UGCommC 5 (31 October 2001)
The court held that the appellant, Total Uganda Limited, was not the holder of the certificate of incentives within the meaning of the Investment Code and the relevant transitional provisions of the Income Tax Act. The certificate was issued to the nonresident shareholders, not to the company itself. The law required the holder of the certificate to make an election for continuation of exemptions, and only the holder could benefit from the exemption on dividends on shares issued by the holder. The appellant, as a statutory tax collector, was not entitled to elect or benefit from the exemption…
Source excerpt
- Tax Incentives
- Investment Code Certificates
- Withholding Tax
- Corporate Tax Exemptions
- Foreign Investment
- Statutory Interpretation