Tuesday, February 14, 2017

Ghana Petroleum Income Tax Law

LOCAL CONTENT IN THE OIL AND GAS SECTOR IN GHANA* 1 ... - Lawyers
LOCAL CONTENT IN THE OIL AND GAS SECTOR IN GHANA* 1. *By George A. Sarpong, Retired Director, Ghana School of Law. Paper presented at the (Exploration and Production) Act 1984 (PNDCL 84), the Petroleum Income Tax Act 1987 (PNDCL 188), the Petroleum Commission Act 2011 ... View This Document

Public Interest Report No. 2 - Aceplive.com
PUBLIC INTEREST REPORT No. 2 3.2. Effect of ABFA on the Ghana Petroleum Funds i. Ghana should apply both the Petroleum Income Tax Law, 1987 (PNDC Law 188) and the Internal Revenue Act, 2000 (Act 592) in the oil industry. This ... Visit Document

FISCAL REGIME OF GHANA’S OIL AND GAS INDUSTRY: A PRE ...
Including the Ghana National Petroleum Corporation Act, (PEPL) and Petroleum Income Tax Law, 1987, (P.N.D.C.L 188) (PITL) were enacted far before the nation started massive production of petroleum. These key laws of Ghana‟s fiscal regime had seen no ... Fetch This Document

Understanding Withholding Tax Regulations In Nigeria
Understanding Withholding Tax Regulations in Nigeria Vol.2, Issue 3, A withholding tax is the tax required by Law and 63 of the Company Income Tax (CITA) and Sections 69 – 72 of the Personal Income Tax (PITA). ... Read Full Source

Presented By: Abdallah Ali-Nakyea - Charteredeconomists.org
Presented By: Abdallah Ali-Nakyea FCIT, FCCE, FICB, MIIA, MTP(SA), CA(GH), LLB (Hons), • The Ghana National Petroleum Corporation Law, 1983 (PNDCL 64) • Petroleum •Petroleum Income Tax Law, ... Retrieve Doc

List Of Countries By Imports - Wikipedia
Rank Country Imports Year — European Union (excluding intra-EU trade) $2,244,000,000,000: 2014 EST. 1 United States: $2,205,000,000,000: 2016 EST. 2 China ... Read Article

Navigating Taxation - PricewaterhouseCoopers
Taxation in Ghana www.pwc.com/gh Navigating taxation. uic guide to taxation in ana PwC General provisions under the tax law 2 Income liable to tax 2 Resident persons 2 Communication service tax 24 Special petroleum tax 24 Customs and excise taxes 25 ... View Doc

2 Legal Disclaimer - Kumasi City Investment Promotion Unit
Legal Disclaimer All information provided is of a general nature payer. Oil mining companies are taxed under a separate statute, the Petroleum Income Tax Act 1987. Income is subject to An individual qualifies as resident under the tax law if he or she is: • a citizen of Ghana, ... Content Retrieval

Ghana Petroleum Regulatory Authority Bill - EI Sourcebook
Ghana Petroleum Regulatory Authority, to regulate upstream and midStream oil and gas activities. The aspects of petroleum income tax law provided in the Petroleum come Tax Act, 1987 (p.N.D.C.L. I88) will be revise~ and included by ... Document Retrieval

PETROLEUM POLICY FOR GHANA KITE PRESENTATION April 28 2009
Petroleum policy for ghana presentation outline introduction fundamental issues scope guiding principle gnpc law ,1983 (pndcl 64) and petroleum income tax law 1986 (pndcl 188) fundamental issues stakeholders in the industry relationship with each other and the ... Access Full Source

GHEITI REPORT - Extractive Industries Transparency Initiative
GHEITI REPORT OIL & GAS SECTOR On The 2014 PITL Petroleum Income Tax Law PRMA Petroleum Revenue Management Act GNGC Ghana National Gas Company GNPC Ghana National Petroleum Corporation MoF Ministry of Finance PERFORMANCE OF THE GHANA PETROLEUM FUNDS ... Doc Viewer

1993 Income And Capital Gains Tax Convention And Memorandum ...
1993 Income and Capital Gains Tax Convention and Memorandum of Understanding Treaty Partners: France; Ghana Signed: the petroleum income tax; accordance with international law, the Republic of Ghana has sovereign ... Fetch Full Source

The Optimal Petroleum Fiscal Regime For Ghana: An Analysis Of ...
Unlimited carried forward of losses under the Petroleum Income Tax Law (PITL) The law prohibits depreciation but grants Capital The Optimal Petroleum Fiscal Regime for Ghana: An Analysis of Available Alternatives . International Journal of Energy Economics and Policy, Vol ... Doc Viewer

Special Issue - Institute Of Economic Affairs, Ghana
Special Issue GHANA’S PETROLEUM INDUSTRY: We review Ghana’s petroleum fiscal regime as of the year 2010, Petroleum Income Tax - Petroleum Income Tax Law (PITL) sets default rate at 50%, but can be altered by contract. ... Get Doc

Www.mofep.gov.gh
To the Ghana Petroleum Funds for purposes of savings and investments; economics, business management, law or similar disciplines. ". Section 48 of Act 815 amended 11. corporate income tax" means corporate income tax ... Get Document

Economy Of Fiji - Wikipedia
Economy of Fiji This article needs to be updated. Please update this article to The plan envisages tax-relief to businesses owned or managed by ethnic Fijians, It delivers significant income to native owners and secure title to developers and their customers. ... Read Article

Issues Of Taxation In The Oil And Gas Sector In Selected ...
Countries: Lessons for Ghana undertakes a review of petroleum taxation in selected countries around the world and seeks to fashion a way for Ghana’s infantile Law on Personal Income Tax (PIT); Law on System of Taxation; Decree of the President on Eased Tax, Accounting and ... Content Retrieval

TABLE OF CONTENT - ActionAid
TABLE OF CONTENT Executive Summary 8.0 Cases of Corporate Tax Losses in Ghana …..30 8.1 The Petroleum Sector PITL PETROLEUM INCOME TAX LAW PNDC PROVISIONAL NATIONAL DEFENCE COUNCIL ... Retrieve Doc

COMPANIES INCOME TAX COMPUTATION AND TREATMENT IN FINANCIAL ...
COMPANIES INCOME TAX COMPUTATION AND TREATMENT IN FINANCIAL STATEMENTS PRESENTED BY OLUFUNKE SODIPO TAX MANAGER: PEAK PROFESSIONAL SERVICES various forms like Companies Income Tax, Education Tax, Petroleum Profit Tax, or Capital Gains Tax. ... Retrieve Doc

Mining In Ethiopia - Wikipedia
Mining in Ethiopia Microcline from the of the Ministry of Mines and Energy (MME) with assistance from UNDP and private companies have assessed the mineral and petroleum resources of The licensing policy brought out in June 1993 is titled "Mining and Mining Income Tax ... Read Article

Taxation Of Petroleum Profits In Nigeria - AELEX- Home Page
Taxation of Petroleum Profits in Nigeria the enabling law: the PETROLEUM PROFITS TAX ACT (PPTA) CAP P13 LFN 2004 and all references to the Act herein, shall be regarded accordingly. PROFITS (S.9 [1]) ALL INCOME OF THE COMPANY FOR THAT PERIOD INCIDENTAL TO ... View Doc

GHANA - Corporate And Commercial Law Firm
Income tax in Ghana on income earned in the free zone subject to the existence of a double taxation agreement . between under the Petroleum Income Tax Law and pay 50% of their chargeable income as income tax. ... Access Doc

INTERNATIONAL TRIBUNAL FOR THE LAW OF THE SEA SPECIAL CHAMBER ...
This is the general law on tax in Ghana and complements the specific petroleum tax on matters that are not provided for under the Petroleum Income Tax Act, 1987. Both laws are administered under the single tax authority, Ghana Revenue Authority, ... Document Retrieval

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