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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