Global Oil & Gas Tax Newsletter

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Global oil & gas tax newsletter

Views from around the world

Highlighting tax developments of current interest to companies operating in the oil and gas industry, whether upstream or downstream, and businesses in the oilfield services, engineering and construction industries.

In this August 2018 edition, we examine the friction between US and its trade partners and discuss the impact on the global oil and gas industry.

Additionally, we unpack oil and gas tax developments in the following countries:

  • Algeria: Overview of the current fiscal environment
  • China: Income tax incentives for crude oil futures trading
  • Gulf Cooperation Council: Practical impact of VAT in the oil and gas sector
  • India: Recent tax developments in the oil and gas sector
  • Nigeria: Update on the proposed tax reform of the petroleum industry
  • Uganda: Fiscal framework for the East Africa crude oil pipeline

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In this April 2018 version, we elaborate on the impact of the new lease accounting changes under the International financial reporting standard (IFRS) 16 on businesses with expensive plant and machinery items.

Additionally, we unpack oil and gas tax developments in the following countries:

  • US: Tax update
  • UK: Autumn budget 2017—upstream oil and gas taxation changes
  • Mozambique: Amendments to income tax rules for upstream oil and gas projects
  • Kazakhstan: Long-awaited fiscal reform
  • Norway: Petroleum tax refund regimes under scrutiny by ESA

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