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Denis Kakembo has solidified his standing as a notable legal practitioner and thought leader in energy, oil and gas and tax matters, serving as a trusted professional advisor to major…
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Since reaching FID in February 2022, Uganda has kicked off a massive oil drilling campaign with four oil rigs⏤ three of them at the TotalEnergies-operated USD4-5 billionTilenga Project in Buliisa and Nwoya districts, and one rig at the CNOOC-run USD2-3 billionKingfisher Project in Kikuube in the Albertine Graben. As of June 2024, TotalEnergies had made considerable progress in drilling over 35 oil wells with a projection of drilling 98 wells by the end of 2024. Seven oil wells had so far been drilled at the KingFisher Project alongside other engineering, procurement, and construction (EPC) works. Construction works for the USD5…
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Following our publication of Uganda’s leading corporate and commercial law firms, CEO East Africa Magazine has gone further to boil it down to the leading individual lawyers. The CEO East Africa’s 2023 Guide to Uganda’s 75 Highly Regarded Business Lawyers list has been distilled from the 2022 Chambers & Partners ratings for Uganda, as well as the International Financial Law Review (IFLR) 1000 and The Legal 500. CEO East Africa Magazine, also consulted some respected names in the legal services industry, for their own insights on who else they thought was worth adding to the list, based on their knowledge…
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By Denis Kakembo Though every landlord in Uganda earning rental income has an obligation to pay tax, compliance has been very low. Keen to plug this gap, the Uganda Revenue Authority (“URA”) has intensified efforts to bolster rental tax revenue collections. In 2019, the law was amended allowing the URA to raise presumptive rental tax assessments where identified landlords did not file rental tax returns or under declared their income. The government has recently engaged Ripple Nami Inc. to develop and deploy a rental tax compliance system that will integrate data from various sources including utility payments to help track…
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