OUR TAX EXPERIENCE


Advising a multinational company on the following: 

  • The treatment of a UGX 13 billion land transaction with regard to its books of accounts and the resulting implications under the VAT and income tax laws.
  • The VAT and income tax accounting requirements for an advance payment of UGX 3 billion out of its contract with the Uganda government and payable by the African Development Bank.

Advising a leading group of companies in Uganda on the following matters:

  • tax implications and planning for the most viable method of selling a tea estate with its developments.
  • tax implications and consequences for acquiring, leasing or running an aircraft for commercial purposes in Uganda.
  • on the tax structuring and consequences resulting from the construction and sale of residential apartments.
  • on the tax implications for undertaking various legal options for reorganizing its group.
  • in a VAT assessment of UGX 6.4 billion arising from a purported under-declaration of sales.
  • in a tax liability of an exposure of over UGX 1.2 billion arising from adjustments made in the amount of initial allowance claimed; and VAT of UGX over 4.8 billion arising from a purported under declaration.
  • Advising a UK based company the tax implications arising on payments to be made to a doctor running clinical trials for the first time in Uganda.
  • Advising a multinational corporation on the tax implications of a USD 5 million contract awarded by the Ministry of Finance, Planning and Economic Development for the design, supply and installation of a Computerized Education Management and Accounting System (CEMAS) in public universities and self-accounting tertiary institutions.
  • Advising an international upstream drilling services company, on the local tax treatment arising from the provision of oil drilling services to Tullow Oil Uganda.
  • Advising Amnesty International on global mobility tax services.
  • Advising a Ugandan based group of companies on its offshore and onshore restructuring.
  • Advising a client on how to assign, sell or transfer a non-resident Director A’s foreign currency loan in company X to a non-resident Shareholder company Y, at book value.
  • Advising a client on whether a transaction for the acquisition of land, leasehold, fixtures & fittings, machinery, semi manufactured stocks, trademarks and goodwill in a business, qualifies as transfer of a business as a going concern for VAT purposes.
  • Advising a client on the tax treatment of commission earned on a contract with a non-resident company to promote and market its software in Uganda, based on the software sales made by the non-resident in Uganda.
  • Advising a group of non-resident shareholders on the disposal of shares in a resident company to a non-resident third party, with due consideration to a foreign currency denominated share sale and purchase agreement.
  • Advising Hyundai Engineering & Construction Co. Ltd on tax matters arising out of a joint venture contract and subcontracts for the construction of a bridge over River Nile in Jinja.
  • Advising McLeod Russel, Uganda on its corporate reorganisation with a resident subsidiary.
  • Advising on the most tax efficient and effective manner of achieving the corporate reorganisation of Mayuge Sugar Industries Ltd & Modern Steel International Ltd.
  • Advising in a multi-party complex land lease transaction, involving the transfer of lease titles on mailo land to a third party for a total consideration of UGX 425 million. The transaction also considered how best to surrender (sell) usufruct rights to a third party for a total consideration of UGX 225 million.
  • Defended Nabors Drilling International against a tax assessment of over UGX 900 million emanating from valuation of the drilling rig at importation and exportation respectively.
  • Defended Uganda Ginners and Cotton Exporters’ Association against a VAT assessment of UGX 9.6 billion arising from contributions made by members of the Association.
  • Defended a leading steel manufacturing company against a tax payment demand of UGX 1.8 billion arising from the re-characterisation of bonus payments to its shareholder directors.
  • Defended a leading telecommunications company against a VAT assessment of UGX 3.6 billion arising from the sale of airtime cards.
  • Defended an energy generation company against a tax payment demand of over UGX 6 billion on account of customs duty on Fuel, VAT on importation of furnace oil, and withholding tax and VAT on imported services.

Contact us

TASLAF Advocates & Consultants

Plot 11A
John Babiha (Acacia) Avenue
Kololo - Kampala
(Inside FINCA Bank Complex)
Off.Tel: +256 (0) 392 081345
Email: info@taslaf.com

 

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