Articles from Commercial Transactions

Articles by Department - Commercial Transactions

Investing in Uganda: Law Regulations and Tax Considerations

Written: 24 Jul 2017
Written by:
Regulatory Environment Incorporating/ Registering a Company: Investment vehicles in Uganda take on various forms including among others single member companies, private limited liability companies, incorporated and unincorporated joint ventures, partnerships and trusts. The most common vehicle for investment is the private limited liability company.
Categorised under: Investing in Uganda, Legal Alerts, Tax
Also related to these departments: Commercial Transactions

Cross Border Insolvency: Is East Africa ready?

Written: 24 Jul 2017
Written by:
Background More often than not, when you walk into a shop or supermarket and pick up an article, it will clearly confirm that it is made or assembled in China, England, Kenya and so on. This is indicative of international trade. Every country is endowed with different resources and each has a peculiar comparative advantage over the other. It therefore goes without saying that no country is completely self-reliant.
Categorised under: Articles, East Africa
Also related to these departments: Commercial Transactions

Conflict between the Income Tax Act and the Double Taxation Agreement or treaty shopping?

Written: 12 Dec 2015
Written by:
A Mauritian company has sued the Uganda Revenue Authority (URA) seeking a declaration that the assessment raised against them is illegal. The Plaintiff received dividends from a Ugandan company with tax withheld at 10% as a benefit under the Mauritius Uganda Double Taxation Agreement (DTA), instead of at the usual withholding tax rate of 15%. Following a request for information by URA, it came to light that the Mauritian entity was held entirely by a Kenyan resident. The Mauritian company's only economic activity in Mauritius was to hold the shares in the Ugandan company.
Categorised under: Cases, Income Tax Act, Tax
Also related to these departments: Commercial Transactions

Decision of the High Court on Validity of Mortgages and Unconscionable Interest - H.C.C.S No. 149 of 2010 Alice Okiror & Michael Okiror V Global Capital Save 2004 Limited & Ben Kavuya

Written: 18 Jun 2012
Written by:
In June 2012, the High Court of Uganda delivered a ground-­breaking judgment regarding interalia execution of mortgages by mortgagees and unconscionable interest rates.
Categorised under: Cases, High Court
Also related to these departments: Commercial Transactions, Litigation