Frontier countries with recently discovered hydrocarbon fields are designing their national legal and tax legislation for the oil and gas industry.
Your local oil and gas tax guide
Quickly discover what regulations affect oil producing countries. Our annual guide provides information about oil and gas tax regimes and a directory of our global oil and gas tax contacts.
How can this guide help you?
Oil and gas companies continue to be challenged with implementing local tax legislation, largely because they vary so much from normal corporate tax regimes. Many countries mandate their own legislation, covering both the production and consumption of energy.
Find the tax data you need with the 2011 global oil and gas tax guide.
- During 2010, many countries changed their tax regimes, which affected tax burdens for companies. Specifically, changes influenced industry taxes, such as royalties and petroleum taxes and affected the general taxes as well, such as income tax rates and other general fiscal terms.
- High oil and gas prices have increased governments' objectives to maximize efficient production of oil and gas to improve state budgets while securing a fair return for the extraction of nation's natural resources.
- Frontier countries with recently discovered hydrocarbon fields are designing their national legal and tax legislation for oil and gas industry.
- Mature oil and gas countries, such as the United Kingdom, Norway and Russia are facing necessity to revise their tax legislation to provide tax regimes which will stimulate development of capital intensive fields, such as Arctic projects.
- The majority of countries are using production sharing arrangements to develop oil and gas fields solely, or together with other taxation principals and contract arrangements.
What's new this year?
In addition to covering new regulation, discover the added features of this year's guide:
- Our guide coves 61 countries, four more than last year's guide
- The new countries covered in the 2011 guide are Algeria, Kenya, Greenland and the Republic of Congo
The content is based on information as of to 1 January 2011, although in some cases more recent information is included if available.
To gain valuable insights, download your copy of the 2011 global oil and gas tax guide.