MicroHaem Scientifics Medical Supplies Limited v Uganda Revenue Authority [2026] UGTAT 21
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Holding
The Tribunal held that although the Applicant qualified as a member of a group under Section 25(5) of the Income Tax Act due to common underlying ownership with related entities, Section 25(3) limiting deductible interest to 30% of EBITDA does not apply to borrowings from independent third-party lenders outside the group structure. Following the High Court decision in Moil Uganda Limited, the Tribunal set aside the additional income tax assessment of Shs 706,657,213.
Outcome
Additional income tax assessment set aside; Applicant entitled to refund of statutory deposit
Facts
The Applicant, a manufacturer of medical products and diagnostic kits, obtained financing from independent third-party lenders including SFC Finance Limited, Stichting Medical Credit Fund, and Standard Chartered Bank Uganda to establish its manufacturing plant. In 2023, the Respondent reviewed the Applicant's income tax returns for 2021-2022 and disallowed interest expenses of Shs 2,355,524,043, raising an additional assessment of Shs 706,657,213. The Respondent determined that the Applicant belonged to a 'group' due to alleged common shareholding with Premier International Medical Education and Care Limited, Caroga Microhaem Limited, Microhaem Scientifics Rwanda Limited, and Crestline Farms Limited. The Applicant objected, contending it did not share the requisite economic or corporate relationship with these entities, which had different ownership structures and were largely dormant or inactive. The Applicant further argued that Section 25(3) was intended to apply to intra-group financing, not loans from independent third-party lenders.
Issues
- Whether the Applicant is liable to pay income tax of Shs 706,657,213 as assessed by the Respondent.
- Whether the Applicant qualifies as a member of a 'group' within the meaning of Sections 25(5) and 2 of the Income Tax Act.
- Whether the Applicant is exempted from interest limitation under Section 25(3) on account of being part of a group of dormant companies.
- Whether the interest limitation under Section 25(3) applies to borrowings from independent third-party lenders.
- Whether the Applicant is protected by an income tax exemption.
Orders
- Application allowed.
- Respondent's objection decision and additional income tax assessment of Shs 706,657,213 set aside.
- Costs of the application awarded to the Applicant.
Rules and key headnotes
Legislation cited (10)
- Income Tax Act s.25(1)
- Income Tax Act s.25(3)
- Income Tax Act s.25(4)
- Income Tax Act s.25(5)
- Income Tax Act s.2
- Income Tax Act s.21(1)(z)(ii)(C)(ae)(ii)
- Tax Appeals Tribunal Act s.15
- Tax Appeals Tribunal Act s.27(1)
- Civil Procedure Act Cap 282 s.27(1)
- Evidence Act Cap 43 s.101
Cases cited (17)
- Aponye Uganda Limited v Uganda Revenue Authority (TAT Application No. 80 of 2021)
- Rwenzori Bottling Company Ltd v Uganda Revenue Authority (TAT Application No. 21 of 2021)
- Techno Three Uganda Limited v Uganda Revenue Authority (TAT Application No. 9 of 2025)
- NSSF v Uganda Revenue Authority (HCCA No. 29 of 2020)
- Moil Uganda Limited v Uganda Revenue Authority (TAT Application No. 149 of 2023)
- Africa Oil Limited v Uganda Revenue Authority (TAT Application No. 39 of 2024)
- Moil Uganda Limited v Uganda Revenue Authority (Civil Appeal No. 0072 of 2024)
- Cape Brandy Syndicate v Inland Revenue Commissioners [1921] 1 KB 64
- Collector of Stamp Revenue v Arrowtown Assets Ltd [2003] HKCFA 46
- Barclays Mercantile Business Finance Limited Vs Mawson (Her Majesty's Inspector of Taxes) 2004 UKHL 51
- Allied Industries Ltd v Uganda Revenue Authority (TAT Application No. 24 of 2011)
- Portman Square Limited v Uganda Revenue Authority (TAT Application No. 179 of 2025)
- Value Aski Limited v Uganda Revenue Authority (TAT Application No. 15 of 2020)
- Mangalore Chemicals & Fertilisers Ltd v Deputy Commissioner of Commercial Taxes [1992] Supp (1) SCC 21
- Uganda Revenue Authority v British American Tobacco Uganda Ltd (Supreme Court Civil Appeal No. 19 of 2005)
- Ambitious Construction Ltd v Uganda Revenue Authority (TAT Application No. 219 of 2023)
- Paul Mwiru v Igeme Nabeta Nathan & 2 Others (Election Petition No. 6 of 2011)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.