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Natural resources taxation


Taxation of the petroleum and mineral industry has some unique aspects, considering that often the resources are owned by the state. These resources provide vast sources of revenue for resource rich countries.  The main functions of natural resources taxation include distribution of benefits; rent extraction; financing government expenditure; demand management; impact on the economic environment. The revenues generated from the sector have often contributed to financing government expenditures in resource-rich countries. A good tax regime should possess some attributes including stability, efficiency, equity, neutrality, risk sharing, clarity and simplicity.  This 3-day Masterclass will introduce the participants to the various options for taxation of petroleum and mineral resources. They will understand the fiscal options of resource taxes and corporate taxes: for the petroleum sector; large-scale mining sectors; and the unique taxation issues associated with Artisanal and Small-Scale Mining. The key questions to be addressed in this course include:

  • How can governments balance the need for petroleum and mineral taxation with the need to attract investments?
  • How can governments utilise different taxes to benefit from Artisanal and Small-Scale Mining?

Duration of Training

3 Days

Who Should Study This Course?

  • Tax practitioners
  • Auditors
  • Accountants
  • Legislators
  • Policy makers
  • Energy activists
  • Regulators
  • Non-governmental organisations
  • Non-energy professionals leading energy professionals
  • CEOs seeking to acquire sector knowledge