Oil and gas tax guide for africa
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. 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 2018, unless otherwise indicated in the text of the chapter. Tax 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.
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.
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. 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 In Tanzania continuing exploration has added to the country’s offshore gas reserves and a new licensing round was launched in October. Mozambique is expecting FID for its huge offshore gas reserves during 2014 with plans to construct a 4 train LNG plant with a 20 million tonne per year capacity. Deloitte Guide to fiscal information Key economies in Africa 2018 14 the petroleum and mining sectors. Occasional services provided by non-resident entities are taxed at a 6.5% rate. Payments for services rendered are liable to withholding tax at a 6.5% rate (some exemptions may be applicable to certain services).
Included in Exhibit 4.41.1-1 is a reference guide to aid research and to supply leads to the major tax law areas concerning the oil and gas industry. Many examination features in the oil and gas industry are common to commercial enterprises but the handbook will highlight those areas peculiar to the industry.
Petroleum Production Tax. This document The guide has been informed by interviews with Shell, BG Group, BP plc, Tullow Oil and. IPIECA. Oil and gas sector comprise three main activities - upstream (exploration and production) Deloitte (2013) The Deloitte Guide to Oil and Gas in East Africa: where potential lies. 22 Aug 2019 Angola Country Commercial Guide. Open Almost 75 percent of the oil production comes from off-shore fields. Gas production tax is 5 percent ( compared to 10 percent for oil). African law and Business / ALC Advogados 7 Jun 2019 Angola is the second–largest oil producer in Africa, following Nigeria. regarding marginal fields reduced the petroleum production tax rate 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 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.
o Production Sharing (the division of oil production between company and government) PriceWaterhouseCoopers, Oil and Tax Guide for Africa 2013[ online]. With over 5,000 energy firms in the region, the city of Houston is one of the world's biggest oil and gas hubs, and a great place to study for LL.M. students looking to The African Lakes of interest are Lake Malawi, Lake Albert, and Lake Victoria, http://www.ey.com/Publication/vwLUAssets/EY-Global-oil-and-gas-tax-guide- Petroleum Production Tax. This document The guide has been informed by interviews with Shell, BG Group, BP plc, Tullow Oil and. IPIECA. Oil and gas sector comprise three main activities - upstream (exploration and production) Deloitte (2013) The Deloitte Guide to Oil and Gas in East Africa: where potential lies. 22 Aug 2019 Angola Country Commercial Guide. Open Almost 75 percent of the oil production comes from off-shore fields. Gas production tax is 5 percent ( compared to 10 percent for oil). African law and Business / ALC Advogados 7 Jun 2019 Angola is the second–largest oil producer in Africa, following Nigeria. regarding marginal fields reduced the petroleum production tax rate 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.
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
7 Jun 2019 Angola is the second–largest oil producer in Africa, following Nigeria. regarding marginal fields reduced the petroleum production tax rate
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 2 May 2019 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). Tax professionals of the member firms of Deloitte Touche Tohmatsu Limited have created the Deloitte International Oil and Gas Tax. Guides, an online series 30 Jun 2018 EY Global oil and gas tax guide is part of a suite of tax guides, The Economic and Monetary Community of Central Africa Countries (CEMAC). Specific taxation applies in the oil and gas sector. Tax Administration and Compliance. The tax system is administered by the ministry of finance. The general tax 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