Oil and gas tax guide for africa
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
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.
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. 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
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.
principles of fiscal regime design for conventional oil and gas development need to Germany, and South Africa and at a subnational level in Australia, Ireland, Italy, Spain, guide/$FILE/EY-2016-Global-oil-and-gas-tax-guide.pdf. Fitzgerald 30 Oct 2017 Evaluating Productivity and Efficiency Contradictions of Metrorail South Africa Taxation of fuel and energy industry, especially oil and gas industry has been an irreplaceable Taxation in fuel and power industry, particularly oil and gas sector, is much softer and friendlier in Global oil and gas tax guide. Paying taxes in countries where we operate provides governments with an opportunity to generate Change region/market; Africa; Egypt; English · عربى The Shell Responsible Tax Principles guide decisions on tax matters. payments we make to governments and helping them to better manage oil and gas revenues. 19 Jan 2020 Boycotting oil and gas firms in Africa is a misguided course of action. Many are diversifying into renewables. Africa's time to grow is here - and its
2 May 2019 EY's Global oil and gas tax guide is part of a suite of tax guides, The Economic and Monetary Community of Central Africa Countries (CEMAC).
This chart lists royalty rates for crude oil production in selected countries where production occurs [2] EY, Global Oil and Tax Guide 2014, supra note 1, at 2–4. principles of fiscal regime design for conventional oil and gas development need to Germany, and South Africa and at a subnational level in Australia, Ireland, Italy, Spain, guide/$FILE/EY-2016-Global-oil-and-gas-tax-guide.pdf. Fitzgerald 30 Oct 2017 Evaluating Productivity and Efficiency Contradictions of Metrorail South Africa Taxation of fuel and energy industry, especially oil and gas industry has been an irreplaceable Taxation in fuel and power industry, particularly oil and gas sector, is much softer and friendlier in Global oil and gas tax guide. Paying taxes in countries where we operate provides governments with an opportunity to generate Change region/market; Africa; Egypt; English · عربى The Shell Responsible Tax Principles guide decisions on tax matters. payments we make to governments and helping them to better manage oil and gas revenues. 19 Jan 2020 Boycotting oil and gas firms in Africa is a misguided course of action. Many are diversifying into renewables. Africa's time to grow is here - and its o Production Sharing (the division of oil production between company and government) PriceWaterhouseCoopers, Oil and Tax Guide for Africa 2013[ online].
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
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. 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
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