TY - CHAP
T1 - Taxation of Oil and Gas Revenue in African Countries
AU - Ali-Nakyea, Abdallah
AU - Mohammed, Nasir Alfa
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
PY - 2024
Y1 - 2024
N2 - The recognition of oil and gas as a predominant source of wealth in many developing countries is well established in the literature. For good or bad, the revenues generated from oil and gas can have a huge impact on the economic development and prosperity of developing economies. This chapter reviews the practice and implications of different resource taxes including royalties, corporate income tax, profit taxes, the resource rent tax, and acquisition of equity on oil and gas exploration and development in developing countries. Questions of the relevance and suitability of the different tax instruments for the countries implementing them are explored, and recommendations are proffered for African countries.
AB - The recognition of oil and gas as a predominant source of wealth in many developing countries is well established in the literature. For good or bad, the revenues generated from oil and gas can have a huge impact on the economic development and prosperity of developing economies. This chapter reviews the practice and implications of different resource taxes including royalties, corporate income tax, profit taxes, the resource rent tax, and acquisition of equity on oil and gas exploration and development in developing countries. Questions of the relevance and suitability of the different tax instruments for the countries implementing them are explored, and recommendations are proffered for African countries.
KW - Africa
KW - Developing countries
KW - Oil and gas fiscal regime
KW - Oil and gas taxation
KW - Resource-rich African countries
KW - Tax policy
KW - Tax revenue
UR - http://www.scopus.com/inward/record.url?scp=85195958328&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-58124-3_8
DO - 10.1007/978-3-031-58124-3_8
M3 - Chapter
AN - SCOPUS:85195958328
T3 - Advances in African Economic, Social and Political Development
SP - 153
EP - 174
BT - Advances in African Economic, Social and Political Development
PB - Springer Nature
ER -