Related items

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  My wife has abandoned our marital bed

  What you need to know:

  She no longer sleeps in our bed but in the sitting room, she does not like to get intimate yet when we do, I find myself on treatment for STIs

  Dear Heart2Heart, my wife and I have been together for some time now and we have a child together. However, of late, her behaviour has changed. She no longer sleeps in our bed but in the sitting room, she does not like to get intimate yet when we do, I find myself on treatment for STIs. Mind you, even through all this, I have never been tempted to cheat on her. I love my wife but I do not think she is faithful or in this marriage for the long-term. What should I do? Anonymous

  Credit: Daily Monitor

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  How govt will earn from oil, gas sector

  What you need to know:

  • Income. Government has provided a number of taxes under the Income Tax Amendment Bill through which Uganda will earn from the oil and Gas sector as a country.  

  Now that the oil development stage has started, it is easier to connect the dots on how the private sector will directly benefit from the resource. 

  A number of contracts have been drawn while hundreds or even thousands of others, are still in the pipeline. 

  However, beyond individual or company level benefits, the question is; how does Uganda, as a country, earn from the oil and gas sector?

  Pamela Natamba is the head of oil and gas division at PricewaterhouseCoopers (PwC). 

  In her assessment, as a country, during the development stage, Uganda will mainly earn through taxes, given that there will be no commercial production until 2025. 

  READ: Tax exemptions under oil, gas sector

  Therefore, she notes, such earnings have been provided for in the Income Tax Amendment Bill, which particularly focuses on the oil and gas sector. 

  “That Bill has made specific provisions, but one of them which is very interesting is it introduces a Windfall Tax,” she says and notes that this tax will apply to licensees that have signed Petroleum Sharing Agreements, many of which have been involved in exploration up to the point of production. 

  READ: Making sense of oil contracts

  These, she says, include large companies such as TotalEnergies, CNOOC and Uganda National Oil Company (UNOC), among others. 

  What the Bill puts in place, Natamba says, is that as long as you earn revenue in excess of a certain amount, you will be subjected to a Windfall Tax. 

  For instance, she explains, if international oil prices are expected to go for a certain amount you a company sells beyond what has been projected, the expectation is, the company will pay an extra tax over and above 30 percent. 

   

• 
  Mps to elect speaker before next sitting

  What you need to know:

  • By dying before the 10 month in office, Oulanyah, a former Uganda Peoples Congress (UPC) adherent-turned-NRM diehard, becomes the shortest-serving speaker of Uganda’s Parliament.

  Lawmakers are to elect a new Speaker of the 11th Parliament following the death of incumbent Jacob Oulanyah, according to the Constitution.

  Article 82(4) provides that subject to Clause (4) of Article 81 of this Constitution, “no business shall be transacted in Parliament other than an election to the office of Speaker at any time that office is vacant”.
  Clause 4 of Article 81 relates to incoming lawmakers taking oaths of office, and of Member of Parliament, in order to be eligible to vote, and be voted, as Speaker.

  Credit: The Daily Monitor