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Stories that are tagged 'Oil and Gas'




Saudi Arabia Cuts Tax For Oil Producers Ahead Of Aramco IPO

by Jason Gorringe, Tax-News.com, London

Last updated 32 hours ago | Tuesday, March 28, 2017

In a move thought to be intended to boost state-owned oil company Aramco ahead of an Initial Public Offering, Saudi Arabia announced tax cuts for oil and hydrocarbon producers on March 27. Read Full Story

 

Australian Oil And Gas Firms Against Tax Incentives Overhaul

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, March 8, 2017

The Australian Petroleum Production & Exploration Association has said it does not believe there is a case for reforming the Petroleum Rent Resource Tax. Read Full Story

 

Ghana's 2017 Budget Looks For Improved Tax Compliance

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, March 6, 2017

As promised in the recent elections, and despite the country's significantly increased fiscal deficit in 2016, Ghana's new Government has decided to balance its election promise of beginning a program of tax cuts to boost private sector growth, with an attack on tax non-compliance. Read Full Story

 

BCA Opposes Changes To Aus Petroleum Resource Rent Tax

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, February 22, 2017

In its submission to the Petroleum Resource Rent Tax review, the Business Council of Australia has said that the Government should not pursue changes to the regime unless there are clear benefits from doing so. Read Full Story

 

Italy Looking For Avenues To Increase Tax Revenues

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 22, 2017

It still remains uncertain as to how Italy's additional 2017 fiscal adjustment required by the European Commission will be funded, but a major part could involve cuts to individual income tax deductions. Read Full Story

 

South Africa Consults On Diesel Fuel Tax Refund Overhaul

Lorys Charalambous, Tax-News.com, Cyprus

Thursday, February 16, 2017

The South African National Treasury has issued a discussion paper on a new diesel tax refund system, reviewing its administration and addressing anomalies related to its qualifying activities and beneficiaries. Read Full Story

 

Italian Tax Measures Needed To Cut Fiscal Deficit

by Ulrika Lomas, Tax-news.com, Brussels

Monday, February 6, 2017

The Italian Minister of the Economy and Finance, Pier Carlo Padoan, sent a letter to the European Commission on February 1, confirming that Italy will introduce additional budgetary measures to reduce its forecasted fiscal deficit for this year. Read Full Story

 

UK's Largest Taxpayers' Contribution Grew In 2016

by Amanda Banks, Tax-News.com, London

Friday, December 16, 2016

The UK's largest companies paid a total of GBP82.3bn (USD103.2bn) in tax this year, compared with GBP80.5bn in 2015, despite a cut to the corporate tax rate, according to a report from PwC. Read Full Story

 

Seychelles Planning Significant Tax Changes In 2017

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, December 13, 2016

Seychelles will finalize significant reforms to its main taxes in 2017, according to the territory's newly released Budget. Read Full Story

 

Australia To Review Petroleum Resource Rent Tax

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, December 7, 2016

The Australian Government has commissioned an independent review of the Petroleum Resource Rent Tax, crude oil excise, and associated federal royalties. Read Full Story

 

 

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