Heritage Oil and Gas Limited v Uganda Revenue Authority (Civil Appeals No. 23 of 2011; Civil Appeals No. 3 of 2012)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that exploration licences under petroleum law do not constitute interests in immovable property within the meaning of section 79(g) of the Income Tax Act. The assigned rights sold were movable property, and exploration operations conducted in Uganda constitute taxable activities under section 79(s). The court allowed the appeal on grounds concerning the non-inclusion of exploration costs in the cost base and the misinterpretation of section 79(g), but upheld the Tax Appeals Tribunal's application of section 79(s) and dismissed grounds relating to the Double Taxation Agreement and validity of assessments.
Outcome
Appeal partly allowed. Tax liability confirmed under section 79(s) but computation of capital gains tax amended to include exploration costs of US$150,000,000 in the cost base. Appellant entitled to refund of excess tax with statutory interest at 2% per month.
Facts
Heritage Oil and Gas Limited (Appellant) entered into Production Sharing Agreements with the Government of Uganda for petroleum exploration in Blocks 1 and 3A of the Albertine Graben. The Appellant made oil discoveries in Block 3A. In January 2010, the Appellant entered into a Sale and Purchase Agreement with Tullow Uganda Limited to sell its 50% participating interests for US$1,450,000,000, comprising a base price of US$1,350,000,000 and a contingent amount of US$100,000,000. Uganda Revenue Authority (Respondent) issued tax assessments of US$404,925,000 and US$30,000,000 arising from the transaction. The Appellant objected to the assessments on grounds that the transaction was not subject to Ugandan tax. The Tax Appeals Tribunal upheld the assessments. The Appellant appealed to the High Court.
Issues
- Whether section 79(g) of the Income Tax Act applied to the disposal of exploration licences and petroleum interests.
- Whether section 79(s) of the Income Tax Act applied to tax the income derived from the transaction.
- Whether exploration costs of US$150,000,000 should be added to the cost base in calculating capital gains tax.
- Whether the Uganda-Mauritius Double Taxation Agreement provided relief against Ugandan tax liability.
- Whether the tax assessments dated 6th July 2010 and 19th August 2010 were validly issued.
Orders
- The computation of the capital gains tax excludes the sum of US$150,000,000, which formed part of the cost base and therefore not subject to tax.
- The Respondent shall compute the capital gains tax in accordance with the above order, and the Appellant shall be entitled to a refund of the excess sum.
- The Respondent shall pay statutory interest to the Appellant on the excess tax at a rate of 2% per month from the date the Appellant paid the excess tax until refund in full.
- The Appellant is awarded a quarter of the costs of this appeal and in the Tax Appeals Tribunal.
- Interest on costs shall be at a rate of 6% per annum from the date of this judgment until payment in full.
Rules and key headnotes
Legislation cited (24)
- Tax Appeals Tribunal Act Cap. 341 s.28
- Income Tax Act Cap. 340 s.79(g)
- Income Tax Act Cap. 340 s.79(h)
- Income Tax Act Cap. 340 s.79(s)
- Income Tax Act Cap. 340 s.52(6)
- Income Tax Act Cap. 340 s.50(2)
- Income Tax Act Cap. 340 s.88
- Income Tax Act Cap. 340 s.95
- Income Tax Act Cap. 340 s.96(3)
- Income Tax Act Cap. 340 s.92(8)
- Income Tax Act Cap. 338 s.4(1)
- Income Tax Act Cap. 338 s.15
- Income Tax Act Cap. 338 s.17(1)
- Income Tax Act Cap. 338 s.18(1)(a)
- Income Tax Act Cap. 338 s.22
- Income Tax Act Cap. 338 s.48
- Petroleum (Exploration and Production) Act Cap. 150 s.44
- Petroleum (Exploration, Development and Production) Act Cap. 161 s.2
- Judicature Act Cap. 16 s.14(2)(b)(i)
- Evidence Act Cap. 8 s.57
- Uganda-Mauritius Double Taxation Agreement Article 6.2
- Uganda-Mauritius Double Taxation Agreement Article 14
- Uganda-Mauritius Double Taxation Agreement Article 5
- Uganda-Mauritius Double Taxation Agreement Article 7
Cases cited (27)
- Elias Kasolo v Security Group Uganda Limited and Another (Court of Appeal Civil Appeal No. 212 of 2020)
- Uganda Revenue Authority v K Files Limited (Civil Appeal No. 28 of 2022)
- Uganda Revenue Authority v Tembo Steel Ltd (Civil Appeal No. 9 of 2009)
- Edwards Vs Bairstow [1956] AC 14
- Uganda Revenue Authority v Rabbo Enterprises (U) Ltd and Another (Supreme Court Civil Appeal No. 12 of 2014)
- Kifamunte Henry Vs Uganda [1998] UGSC 20
- Celtel Uganda Limited t/a Zain Uganda v Karungi Susan (Court of Appeal Civil Appeal No. 73 of 2013)
- Chatenay Vs Brazilian Submarine Telegraph Co Ltd [1892] 1 QB 79
- Ranchobai Shivabhai Patel Ltd and Another v Henry Wambuga and Another (Supreme Court Civil Appeal No. 6 of 2017)
- Samwiri Kibuuka v Eriya Lugeya Lubanga (High Court Miscellaneous Application No. 656 of 2005)
- Cape Brandy Syndicate Vs Inland Revenue Commissioners [1921] 1KB 64
- Uganda Revenue Authority v Kajura (Civil Appeal No. 9 of 2015)
- The King Vs Wilson and Another; Ex parte. [1934] pg. 234
- Africa Broadcasting (U) Limited v Uganda Revenue Authority (Civil Appeal No. 52 of 2020)
- Tata Consultancy Services Vs State of Andhra Pradesh Case No. 2582 of 1992
- Megarry and Wade: The Law of Real Property 6th Edition, at pg. 371
- Lenwood Lumber Co. Ltd Vs Phillips [1904] A.C. 405
- Street Vs Mountford [1985] 2 All ER 289
- Attorney General v Bugishu Coffee Marketing Association Ltd [1963] EA 39
- Hancock Prospecting Pty Vs Wright Prospecting Pty Ltd [2012] WASCA 216
- Commissioner of State Revenue Vs Abbots Exploration Pty Ltd [2014] WASCA, pg. 211
- Fowler Vs Commissioner for Her Majesty's Revenue and Customs, [2020] UKSC 22
- Revenue and Customs Comnrs v Smallwood (2010) 80 TC 536
- Federal Court of Australia Collector of Customs Vs Pozzolanic Enterprises Pty Ltd No. QG202 of 1992
- Kakooza JB v Electoral Commission and Another [2008] KALR 138
- Spain Vs Roche Vitamins: Tribunal Supremo. Contentious Chamber Madrid, 12/01/2012, 1626/2008
- Cable Corporation (U) Ltd v Uganda Revenue Authority (Civil Appeal No. 1 of 2011)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.