Heritage Oil and Gas Limited v Uganda Revenue Authority (TAT Application No 28 of 2010)
Observed later treatment
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Holding
The Tribunal held that the settlement payment of US$ 100,000,000 received by Heritage Oil from Tullow under the Sale and Purchase Agreement addendum was taxable business income attributable to activities in Uganda under section 79(s) of the Income Tax Act. The payment, though styled as settlement of a contingent contractual obligation, was part of the consideration for the sale of Heritage's participating interests in oil exploration blocks and constituted business profits under the Uganda-Mauritius Double Taxation Agreement. The assessment of US$ 30,000,000 was upheld as properly issued.
Outcome
Application dismissed with costs to the respondent
Facts
Heritage Oil and Gas Limited, incorporated in The Bahamas and registered as a tax resident in Mauritius, held 50% participating interests in petroleum exploration licences for Blocks 1 and 3A in Uganda's Albertine Graben under Production Sharing Agreements dated 2004. Heritage spent US$ 150,000,000 under the licences and made oil discoveries in Block 3A. On 26 January 2010, Heritage entered into a Sale and Purchase Agreement with Tullow to transfer its 50% interests. The SPA provided for an Adjusted Purchase Price plus a Contingent Amount of US$ 150,000,000, payable if the Ugandan government did not grant Tullow a tax relief within two years. On 26 July 2010, the parties executed an addendum reducing the contingent amount to US$ 100,000,000 as a settlement amount to satisfy and discharge Tullow's obligations. On 19 August 2010, Uganda Revenue Authority assessed income tax of US$ 30,000,000 on the settlement payment. Heritage objected, arguing the payment was settlement of a contractual dispute, not taxable income from immovable property or activities in Uganda.
Issues
- Whether the income tax of US$ 30,000,000 is payable as assessed?
- Whether the assessment for US$ 30,000,000 was proper?
- What remedies are available to the parties?
Orders
- Application dismissed.
- Costs awarded to the respondent.
Rules and key headnotes
Legislation cited (20)
- Income Tax Act s.2(g)
- Income Tax Act s.14
- Income Tax Act s.18
- Income Tax Act s.22
- Income Tax Act s.57
- Income Tax Act s.79(g)
- Income Tax Act s.79(s)
- Income Tax Act s.88(2)
- Income Tax Act s.91
- Income Tax Act s.92(8)
- Income Tax Act s.95
- Income Tax Act s.95(2)
- Income Tax Act s.95(4)
- Income Tax Act s.98(3)
- Tax Appeals Tribunal Act s.16
- Tax Appeals Tribunal Act s.18
- Tax Appeals Tribunal Act s.19(c)
- Tax Appeals Tribunal Act s.22
- Constitution of Uganda Article 152
- Interpretation Act s.43
Cases cited (16)
- Heritage Oil and Gas (U) Ltd v Uganda Revenue Authority (TAT Application No. 26 of 2010)
- Garner (Inspector of Taxes) V Pound Ship owners and Ship breakers Limited 2000 STC 420
- Dominion Taxi Cab Association V MNR [1954] SCR 82
- Placer Dome Inc. V Canada [1992] 2 CTC 98
- Cape Brandy Syndicate V IRC 1921 [1] KD 64
- Baylis (Inspector of Taxes) V Gregory (1986) STC 22
- JP Construction Services Limited v Uganda Revenue Authority (TAT Application No. 17 of 2009)
- Cable Corporation (U) Limited v Uganda Revenue Authority (Appeal No. 1 of 2011)
- Kyagalanyi Coffee Limited v Francis Senabulya (Civil Appeal No. 41 of 2006)
- IRC V Fisher's Executors (1926) AC 395
- Levene V IRC [1928] A.C. 217
- Vodafone International Holdings B.V. V Union of India Writ Petition 1325 of 2010
- O'Brien V Benson's Hosiery (Holdings) Limited 53TC241
- Liver Pool and London and Globe Insurance Company V Bennett [1913] A.C. 610
- Twinomuhangi Pastoli V Kabale District Local Government Council, Katarishangwa Jack & Beebwajuba Mary [2006] 1 HCB 30
- Cable Corporation Ltd v Uganda Revenue Authority (Civil Appeal No. 1 of 2001)
Cases citing this judgment (1)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
- [2026] UGIC 45
Full judgment
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