Oil and gas tax guide for africa
Oil and Gas Tax Guide for Africa 2017 4 Country profile Brief overview of the oil and gas developments in Algeria Algeria’s first commercial oil discovery occurred in 1956 with production beginning in 1958. Algeria currently has proven reserves of 12.2bn barrels and crude oil production of 1.146 m bpd which provides around 35% of We are proud to present you with the second edition of our Oil and Gas Tax Guide for Africa. Our PwC oil and gas country specialists have provided up to date information on the oil and gas fiscal and regulatory regimes in their countries along with significant developments. We have included information for 19 countries and we plan to expand This edition of the PwC Oil and Gas Tax Guide for Africa, seeks to provide a summary of the oil and gas fiscal and regulatory regime in nineteen countries, along with significant developments. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006. AFRICA ENERGY AND UTILITIES TAX GUIDE 3 Forward The outlook for Africa's Oil & Gas Industry is positive amidst difficult operating and economic headwinds. As the oil price is steadily rising towards pre-collapse levels, tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient. This guide summarizes the oil and gas corporate tax regimes in 86 jurisdictions. Use either the map below or the menu at right to see the guide’s information for a jurisdiction. This guide summarizes the oil and gas corporate tax regimes in 86 jurisdictions. Use the menu below to see the guide’s information for a jurisdiction.
Africa indirect tax country guide 3 than value-adding activities. The effectiveness of the indirect tax function is therefore negatively impacted —ving a Global Head of Indirect Tax ensures ha better centralized oversight, management and greater consistency. Sixty-eight percent of businesses with a turnover exceeding
1 Dec 2018 Myanmar; petroleum fiscal regimes; upstream oil and gas; fast and are taken from the Global Oil and Gas Tax Guide (Ernst & Young 2015). Annual Conference of African Econometric Society, Abuja, Nigeria, July 8–10. Gain valuable insight on Nigeria's Oil and Gas Outlook in the webinar. The country is also the largest producer of oil and gas in Africa with petroleum exports Ayo Salami is a Partner in the Tax, Regulatory & People Services practice of Oil and Gas Tax Guide for Africa 2017 4 Country profile Brief overview of the oil and gas developments in Algeria Algeria’s first commercial oil discovery occurred in 1956 with production beginning in 1958. Algeria currently has proven reserves of 12.2bn barrels and crude oil production of 1.146 m bpd which provides around 35% of We are proud to present you with the second edition of our Oil and Gas Tax Guide for Africa. Our PwC oil and gas country specialists have provided up to date information on the oil and gas fiscal and regulatory regimes in their countries along with significant developments. We have included information for 19 countries and we plan to expand
1 Dec 2018 Myanmar; petroleum fiscal regimes; upstream oil and gas; fast and are taken from the Global Oil and Gas Tax Guide (Ernst & Young 2015). Annual Conference of African Econometric Society, Abuja, Nigeria, July 8–10.
30 Jun 2019 The Africa Tax Guide 2019/20 is an annual publication that provides an Oil prospecting and production companies are subject to tax on their 1 Sep 2019 Tunisia's proven oil and gas reserves are very small, especially by regional gx/ en/tax/publications/assets/africa-oil-and-gas-guide.pdf. van Oordt (African Tax Institute); and Mr. Christophe Waerzeggers. (International Achieving a Good Deal: Fiscal Regimes for Oil, Gas and Mining . 422 eng/ 2012/081512.pdf; IMF, Guide on Resource Revenue Transparency (2007),. A carbon tax is a tax levied on the carbon content of fuels (transport and energy sector) and, When a hydrocarbon fuel such as coal, petroleum, or natural gas is burnt, The goal of the carbon tax is to put South Africa on a "sustainable path ". far the most efficient way to guide the decisions of producers and consumers. Washington, D.C.: US Energy Information. Administration. Ernst and Young (2015 ) Global oil and gas tax guide. Ernst and Young. (www.ey.com/Publication/ 1 Aug 2016 To help oil companies operating in China to have a full picture of all applicable taxes 49 was issued specially for oil and gas upstream enterprises in China, including “Global Oil and Gas tax guide 2015” by EY 3. Africa · Asia Pacific · Europe · Latin America & Caribbean · Middle East · North America 25 Nov 2014 EY's Global oil and gas tax guide is part of a suite of tax guides, The Economic and Monetary Community of Central Africa Countries (CEMAC).
o Production Sharing (the division of oil production between company and government) PriceWaterhouseCoopers, Oil and Tax Guide for Africa 2013[ online].
Apart from shale, South Africa has limited oil and gas reserves but relies on a large coal mining industry in order to meet most of its energy needs. followed by oil (23%), natural gas (3%), nuclear (3%), and renewables (less than 1%, primarily from hydropower), according to the BP Statistical Review of Energy 2015. The Global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 7 countries and also provides a directory of EY oil and gas tax and legal contacts. The content is based on information current to 1 J anuary2017, unless otherwise indicated in the text of the chapter. T ax information
Apart from shale, South Africa has limited oil and gas reserves but relies on a large coal mining industry in order to meet most of its energy needs. followed by oil (23%), natural gas (3%), nuclear (3%), and renewables (less than 1%, primarily from hydropower), according to the BP Statistical Review of Energy 2015.
The Global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 7 countries and also provides a directory of EY oil and gas tax and legal contacts. The content is based on information current to 1 J anuary2017, unless otherwise indicated in the text of the chapter. T ax information PwC Tax Guide for Petroleum Operations in Ghana 5 G hana is a country located in West Africa, bordered by the Ivory Coast (Côte d’Ivoire) to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south. Formed from the merger of the British colony of the Gold Coast and the Togoland trust territory, Ghana, Oil and Gas Tax Guide for Africa 2015 This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in 81 oil, gas and mineral-rich countries. The Global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 86 countries and also provides a directory of EY oil and gas tax and legal contacts. The content is based on information current to 1 January 2016, unless otherwise indicated in the text of the chapter. Tax information International Oil & Gas Tax Guides Naturally resourceful Tax professionals of the member firms of Deloitte Touche Tohmatsu Limited have created the Deloitte International Oil and Gas Tax Guides, an online series that provides information on tax regimes specific to the oil and gas industry.
15 Jan 2014 Recent discoveries of oil and natural gas in East Africa have raised great Petroleum Tax Administration in EAC Countries—Private Sector Perspective. Bill Page workshop will go a long way to guide the EAC region on the This chart lists royalty rates for crude oil production in selected countries where production occurs [2] EY, Global Oil and Tax Guide 2014, supra note 1, at 2–4.