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oil and gas News




UK Announces Digital Tax, Corporate Tax Reforms In New Budget

by Jason Gorringe, Tax-News.com, London

Friday, November 2, 2018

The UK's 2018 Budget includes changes to tax rules for companies, and notably for multinational groups to conform with the EU's Anti Tax Avoidance Directive. Most significantly, the UK has decided to move ahead of the EU in announcing that it will apply a tax on the turnover of certain digital businesses. Read Full Story

 


Australia Provides Update On International Tax Enforcement

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

Wednesday, April 4, 2018

In comments to the TPMinds International Conference in late March, Deputy Commissioner Mark Konza outlined the Australia Taxation Office's priorities in the area of international tax enforcement, with an especial focus to be placed on the energy and resources sector and pharmaceutical industry. Read Full Story

 


British Columbia Announces Tax Breaks For Gas Investors

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

British Columbia is to offer a provincial sales tax exemption to a proposed new liquefied natural gas project. Read Full Story

 


Bahrain Commits To Introducing VAT This Year

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 28, 2018

Bahrain has committed to pushing towards the introduction of the Gulf Cooperation Council's value-added tax framework by the end of the year. Read Full Story

 


Norway Defends Oil Tax Regime

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 14, 2018

The Norwegian Government has defended its tax regime for oil exploration against a complaint that it breaches European Economic Area state aid rules. Read Full Story

 


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

 

 

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