Ola Energy gets orders against URA tax charge

Ola Energy has obtained orders barring the Uganda Revenue Authority from demanding $647,558 in import taxes. FILE PHOTO | NMG

Kenyan oil marketer, Ola Energy (formerly OiLibya), has filed and obtained orders barring the Uganda Revenue Authority from demanding Ush2.48 billion ($647,558) in import taxes.

In an application made by the Uganda-based subsidiary Libya Oil Uganda Ltd (LOUL) and lodged at the East Africa Court of Justice’s sub registry in Nairobi, Ola Energy wants the Attorney General’s office of Uganda and its agent, the URA, stopped from collecting the money until the matter is heard and determined by the regional court’s First Instance Division.