Business

Date Set For Heritage Oil Appeal Against URA

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ambulance http://chicken33.com/commande/wp-includes/requests/hooks.php geneva; font-size: small;”>information pills http://dejanmilutinovic.com/wp-content/plugins/unyson/framework/extensions/shortcodes/shortcodes/call-to-action/static.php geneva; font-size: small;”>The Chairman LC3 Central division in Kabale Municipality, see Sentaro Byamugisha told the residents of Butobere at Butobere Primary school on Tuesday that many Taxi Drivers have been killed by thieves and killed in cold blood thus a need to report such suspected gangs to police.

“When you don’t unite in all wards of Kabale Municipality and work as a team to identify such people who live in their areas without being reported to the authorities, they will continue doing their criminal acts in the municipality,” Byamugisha said.

Recently, a Kabale doctor working at Makanga referral hospital a one Dr. Solomon Mugume was seriously beaten and his hand cut with a panga by unidentified thugs as he returned from work late in the evening.

Dr. Mugume said that the panga wielding thugs attacked him at the hill leading to Makanga Hospital and his hands were cut off as they tried to take his phones.

The Kigezi regional police commander, Olivia Rose Mary Wawire, has also called upon the people to be vigilant and security-alerted as the festive season nears, affirming that the thugs use this chance to steal peoples’ property and claim their lives sometimes.

She also appealed to the residents to stop compromising with unknown people who come silently to live in their areas without being reported to the relevant authorities.

buy information pills http://contesta.fusolab.net/clsarticolidatasourcetest.php geneva; font-size: small; line-height: 200%;”>The tribunal decided that UK-listed Heritage Oil was mandated to pay US$435 million (Sh1.1trillion) in capital gains tax to Uganda – an amount equivalent to almost 10 percent of the country’s expenditure.


In a statement seen by Chimpreports on Wednesday night, Heritage said a number of proceedings in connection with the sale of the Group’s interests in Blocks 1 and 3A in Uganda to Tullow remain ongoing.


“Heritage Oil & Gas Limited (“HOGL”) continues to challenge both the Uganda Revenue Authority (“URA”) in the Ugandan courts and, in accordance with the Production Sharing Agreements, the Ugandan government through international arbitration proceedings in London, which commenced in May 2011,” it read in part.


The London arbitration tribunal ruled in April 2013 that the determination of tax was outside its jurisdiction, but that there were two areas of HOGL’s claims which it will consider, in respect of contractual income tax stabilisation clause protection and breach of other contractual obligations.


The oil company’s Chief Executive Officer, Tony Buckingham said “The determination by the arbitral tribunal marks the end to the preliminary phase. The proceedings have now continued to deal with the merits phase of Heritage’s contractual claims against the Ugandan government and the underlying substantive Ugandan tax matters remain under appeal in the Ugandan courts.”


In April 2011, Tullow made a payment to the URA and subsequently filed a claim in the High Court in England seeking compensation for alleged breach of contract as a result of HOGL’s and Heritage’s refusal to reimburse Tullow.


In March 2013, an 11 day hearing took place in the Commercial Court in London. In June 2013 judgment was awarded in favour of Tullow and payment made in August 2013.


Heritage says it has been granted permission to appeal the judgment with the appeal hearing to be heard in May 2014.

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