oil and taxation in ethiopia-deloitte

Taxation regime Direct Taxation The applicable tax regime is determined by the date of the contract and the Zone in which the field is located. The Algerian fiscal regime applicable to the oil and gas upstream industry is governed either by Law No. 86-14 or by Law No. 05-07 (as amended). Key taxes under the former regime (Law No. 86-14)

We are proud to present you with the second edition of our Oil and Gas Tax Guide for Africa. Our PwC oil and gas country specialists have provided up to date information on the oil and gas fiscal and regulatory regimes in their countries along with significant developments. We have included information for 19 countries and we plan to expand

The Deloitte Guide to Oil and Gas in East Africa Uniquely structured 5 1.3 Industry overview Ethiopia currently has no commercial production of hydrocarbons, though there have been significant gas discoveries and signs of oil. Ethiopia has 6 basins which may contain commercial hydrocarbons: Ogaden, Abay, Gambella, Omo, Chew Bahir and Mekele.

International Oil & Gas Tax Guides Tohmatsu Limited have created the Deloitte International Oil and Gas Tax Guides, an online series that provides information on tax regimes specific to the oil and gas industry. Explore Content. Related topics; The Guides are intended to be a supplement to the Deloitte Taxation and Investment Guides. Argentina;

2 Types of income that are liable to tax For expatriates working in Ethiopia, taxable income includes, but is not limited to income from employment to the extent that it is derived in respect of employment exercised in Ethiopia, wherever paid. There are various provisions on taxation of fringe benefits provided by employers to employees.

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Ethiopia has rich deposits of coal, tantalum, iron, nickel, manganese, potash and phosphates. Gold and tantalum reserves are found in the South, West and North of the country. The oil and gas sector is still at the exploration phase. While largely untapped, resources are under development to help diversify Ethiopia’s economy away from

Ethiopia is the 27th largest country in the world by land size and given its diverse topography and geographical location, it is suitable for the production of some of the world’s most coveted food crops cereals, pulses, oil seeds, a wide range of fruits and vegetables, coffee, tobacco, sugar cane, tea and spices, among others.

Detailed description of taxes on corporate income in the Republic of Cameroon Flat rate taxation system: Sole proprietorships with an annual turnover of below XAF 10 million, except for logging companies, professional officers, and liberal professions.

Tax system in Ethiopia. There are various types of taxes in Ethiopia and various regulations and procedures for registration, assessment, filing and payment of these different taxes in Ethiopia. 2Merkato has organized the vast information available on the tax system in Ethiopia; one can easily navigate the various pages and find adequate information.