Taxation of Oil and Gas Revenue in African Countries

Abdallah Ali-Nakyea, Nasir Alfa Mohammed

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

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.

Original languageEnglish
Title of host publicationAdvances in African Economic, Social and Political Development
PublisherSpringer Nature
Pages153-174
Number of pages22
DOIs
Publication statusPublished - 2024

Publication series

NameAdvances in African Economic, Social and Political Development
VolumePart F2882
ISSN (Print)2198-7262
ISSN (Electronic)2198-7270

Keywords

  • Africa
  • Developing countries
  • Oil and gas fiscal regime
  • Oil and gas taxation
  • Resource-rich African countries
  • Tax policy
  • Tax revenue

Fingerprint

Dive into the research topics of 'Taxation of Oil and Gas Revenue in African Countries'. Together they form a unique fingerprint.

Cite this