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Oil and Gas News




Indonesia Aiming To Improve Lackluster Tax Take In 2018

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

Thursday, January 4, 2018

Despite failing to achieve revenue collection targets last year, the Indonesian Government has set an ambitious goal for 2018 of boosting collections by 20 percent. Read Full Story

 


UAE Sets Out Scope Of New 5pc VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 13, 2017

The United Arab Emirates Federal Tax Authority on December 5 released tabulated data on what goods and services will be subject to value-added tax at the standard rate, zero rate, or exempt from January 1, 2018. Read Full Story

 


VW Questions Germany's Diesel Tax Break

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 12, 2017

Matthias Muller, the Chief Executive Officer of German auto giant Volkswagen, has said that tax breaks on diesel fuel would be better spent by the Government on promoting clean energy sources. Read Full Story

 


Russia To Overhaul Taxation Of Oil And Gas Regime

by Tatyana Smolenskaya, Tax-News.com, Moscow

Friday, December 8, 2017

Russia's Energy Ministry has announced that changes to the tax treatment of the oil industry will take place, but potentially not until 2019. Read Full Story

 


IMF Urges Kuwait To Press Ahead With VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 16, 2017

The International Monetary Fund has urged authorities in Kuwait to push ahead with the introduction of a value-added tax, having fallen behind the United Arab Emirates and Saudi Arabia, which are introducing VAT from January 1, 2018. Read Full Story

 


Malaysia's 2018 Budget Includes Various Tax Relief Changes

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

Friday, November 3, 2017

The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms. Read Full Story

 


India To Amend GST Rates On Oil, Gas Industry

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

Wednesday, October 11, 2017

India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry. Read Full Story

 


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

 

 

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