The Impact of Tax Incentives on Foreign Direct Investment in the Oil and Gas Sector Of Uganda.

Abstract

This paper analyzed the tax incentives offered by the Ugandan government to foreign investors in the oil and gas industry. It provides an overview of the current tax regime in Uganda and examined the specific tax incentives offered to foreign investors, including corporate tax exemptions and capital allowances. The paper evaluates the effectiveness of these incentives in attracting foreign direct investment in the oil and gas sector and considered the potential impact on the Ugandan economy. Additionally, it examined the potential risks and challenges associated with the tax incentives, including potential revenue losses for the government and environmental risks. The paper concluded by offering recommendations for balancing the benefits and risks of tax incentives for foreign direct investment in the oil and gas sector in Uganda.