Listed food processor Unga Group is fighting off a tax claim on an asset transfer worth hundreds of millions of shillings it completed last year in Uganda through a subsidiary.
Unga discloses in the latest annual report that Uganda Revenue Authority (URA) is demanding tax on the deal in which its Uganda subsidiary, Unga Millers, formed a joint venture with Nutreco International B.V a long-term supplier of the Nairobi Securities Exchange-listed firm.
