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Oil and Gas News




UK To Announce Oil, Gas Tax Regime Changes Soon

by Amanda Banks, Tax-News.com, London

Thursday, September 7, 2017

The UK Government has said it will present proposals in the upcoming budget to improve the tax conditions for those considering investment in older oil and gas assets. Read Full Story

 


27 Industries Newly Granted Pioneer Status In Nigeria

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, August 8, 2017

The Nigerian authorities have granted Pioneer Status to a further 27 industries, after the first review of the incentive since 2006. Read Full Story

 


Australia Hails Bumper Year For Exports

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

Friday, August 4, 2017

Australian Trade Minister Steven Ciobo has said that the country's trade surplus in 2016-17 reflects the Government's commitment to free trade. Read Full Story

 


Cairn Energy Provides Update On India Tax Dispute

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

Wednesday, June 28, 2017

In the latest salvo between Indian authorities and the Cairn Energy Group in the dispute concerning the controversial 2012 retrospective amendment to Indian tax law, Cairn has disclosed that the Indian Government has laid claim to a USD53m dividend payment that it considers the group is owed from its India-based subsidiary, Cairn India Limited. Read Full Story

 


Vietnam Proposes Hiking Tax On Fuel

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

Thursday, June 1, 2017

Vietnamese taxpayers may soon have to pay increased environmental tax on fuel. Read Full Story

 


IMF Says African Countries Need To Tap New Revenue Streams

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, May 11, 2017

Sub-Saharan African countries should look to tap tax revenues outside natural resources, to finance stimulus measures that could reinvigorate their ailing economies, a new report from the International Monetary Fund says. Read Full Story

 


Saudi Arabia Cuts Tax For Oil Producers Ahead Of Aramco IPO

by Jason Gorringe, Tax-News.com, London

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

 


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

 

 

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