Home » Analysis: Rwenzori Vs. URA Tax Ruling Confirms Parliament’s Intention to limit base erosion and Profit Shifting Through Interest Payments

Analysis: Rwenzori Vs. URA Tax Ruling Confirms Parliament’s Intention to limit base erosion and Profit Shifting Through Interest Payments

On Tuesday, 25th October, the Tax Appeals Tribunal in Rwenzori Bottling Co. Ltd vs. Uganda Revenue Authority (URA) Application No.21 of 2021 had an opportunity to make its findings on the interpretation and application of Section 25 of the Income Tax Act on Interest allowable as a deduction.

This provision was…

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Topics: INCOME TAX ACT, Interest allowable as a deduction, Rwenzori Vs URA, Tax, URA

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Analysis: Rwenzori Vs. URA Tax Ruling Confirms Parliament’s Intention to limit base erosion and Profit Shifting Through Interest Payments

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