AFC-103 PSC TAXATION REGIME AND FISCAL SYSTEM

The aim of this course is to understand the local fiscal regime and tax treatment of various PSCs. The intent is to improve participants' job performance by augmenting their comprehension of current practices in PSC taxation and fiscal system within the petroleum industry.

 

Topics:

1. Corporate income tax

2. Branch profit tax

3. Royalties on production

4. Bonuses

5. Resource rent tax

6. Surface rent tax

7. Withholding taxes (capital allowances, dividends, branch remittance, and other incentives)