Taxation of Oil and Gas Revenue in African Countries

Abdallah Ali-Nakyea; Nasir Alfa Mohammed

doi:10.1007/978-3-031-58124-3_8

Taxation of Oil and Gas Revenue in African Countries

University of Pretoria

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

1 Citation (Scopus)

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 language	English
Title of host publication	Advances in African Economic, Social and Political Development
Publisher	Springer Nature
Pages	153-174
Number of pages	22
DOIs	https://doi.org/10.1007/978-3-031-58124-3_8
Publication status	Published - 2024

Publication series

Name	Advances in African Economic, Social and Political Development
Volume	Part F2882
ISSN (Print)	2198-7262
ISSN (Electronic)	2198-7270

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

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

Access to Document

10.1007/978-3-031-58124-3_8

Cite this

@inbook{3a8d9893753f488daa2dcd128fa9aa89,

title = "Taxation of Oil and Gas Revenue in African Countries",

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.",

keywords = "Africa, Developing countries, Oil and gas fiscal regime, Oil and gas taxation, Resource-rich African countries, Tax policy, Tax revenue",

author = "Abdallah Ali-Nakyea and Mohammed, \{Nasir Alfa\}",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.",

year = "2024",

doi = "10.1007/978-3-031-58124-3\_8",

language = "English",

series = "Advances in African Economic, Social and Political Development",

publisher = "Springer Nature",

pages = "153--174",

booktitle = "Advances in African Economic, Social and Political Development",

}

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 - https://www.scopus.com/pages/publications/85195958328

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 -

Taxation of Oil and Gas Revenue in African Countries

Abstract

Publication series

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this