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Oil and Gas News




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

 


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

 

 

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