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What are the Uganda Oil Tax Incentives

Question: Are there any incentives currently offered to those involved in the exploration and production of oil?


Answer: Yes.

One of the incentives is provided for under Section 36 of the Income Tax Act, Cap 340 as quoted in the box below:

Section 36: Mineral Exploration Expenditures


A person carrying on mining operations to produce income included in gross income is allowed a deduction for any expenditure of a capital nature incurred in searching for, discovering and testing, or winning access to deposits of minerals in Uganda.


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