Parliament Rejects 5-year Income Tax Exemption On Bujagali, Orders Forensic Audit
Members of Parliament have declined to approve tax exemptions for companies, pending a report on its efficacy, allowing a one-year exception to the Bujagali Hydropower Project, which they have also placed under scrutiny for apparent false accounting. Bujagali, which sought to have its exemptions extended to 2027, will now instead face a forensic audit by…