Uganda says it will tax only on production not exploration

The Ugandan Finance Minister Matia Kasaija has said that the country plans to incentivise gas growth by charging tax on production, not exploration

by: Erica Mills

Print This Article

Bloomberg: Ugandan Government Scraps Taxes on Oil, Gas, Mining Exploration

Uganda 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.

Read the full article HERE.