Heritage is seeking the release of $405 million related to the sale of the company’s interest in Blocks 1 and 3A in Uganda last July.
The London-listed company says Uganda’s government is not entitled to the taxes it claimed on the $1.045 billion cash sale.
"The position of (Heritage) is based upon comprehensive advice from leading tax experts in Uganda, the United Kingdom and North America; the disposal of the interests in Blocks 1 and 3A is not taxable in Uganda," Heritage said in a statement.
Heritage
