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Uganda moves to exempt upstream expenditure from VAT

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Report summary

 The Ugandan cabinet has approved a proposal to exempt oil and gas companies from the 18% Value Added Tax (VAT) on capital related goods and services.  The move is part of the VAT Amendment Bill 2015, which we expect to pass and be ratified by parliament before 1 July 2015.

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    Uganda moves to exempt upstream expenditure from VAT

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