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Global Oil and Gas Tax Guide 2019 I

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Global Oil and Gas Tax Guide 2019 I Global oil and gas tax guide 2019 i Preface The Global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 86 countries and also provides a directory of EY oil and gas tax and legal contacts. The content is based on information current to 1 January 2019, unless otherwise indicated in the text of the chapter. Tax information This publication should not be regarded as offering a complete explanation of the tax matters referred to and is subject to changes in the law and other applicable rules. Local publications of a more detailed nature are frequently available, and readers are advised to consult their local EY professionals for more information. EY’s Global oil and gas tax guide is part of a suite of tax guides, including the Worldwide Corporate Tax Guide, the Worldwide Personal Tax Guide, the Worldwide VAT, GST and Sales Tax Guide, the International Estate and Inheritance Tax Guide, the Transfer Pricing Global Reference Guide, the Worldwide R&D Incentives Reference Guide and the Worldwide Cloud Computing Tax Guide. Each represents thousands of hours of tax research. They are available free online along with timely Global Tax Alerts and other great publications on ey.com or in our EY Global Tax Guides app for tablets. Further information concerning EY’s oil and gas services may be found at ey.com/oilandgas. EY Law EY Law has the necessary capabilities to assist companies throughout the industry value chain based on a cross-discipline approach and our culture of client service. We advise on all legal and regulatory, risk management, enforcement and compliance issues across multiple jurisdictions. Directory Office addresses, telephone numbers and fax numbers, as well as names and email addresses of oil and gas tax contacts, are provided for the EY member firms in each country. The listing for each tax contact includes a direct-dial office telephone number, if available. Oil and gas law contacts for the EY member firms are also included at the back of this publication. The international telephone country code is listed in each country heading. Telephone and fax numbers are presented with the city or area code and without the domestic prefix (1, 9 or 0) sometimes used within a country. EY May 2019 This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. ii Contents Algeria ������������������������������������������������������������������������������������������������������ 1 Angola ....................................................................................................... 8 Argentina ................................................................................................21 Australia .................................................................................................30 Azerbaijan ..............................................................................................49 Bahrain ...................................................................................................56 Benin .......................................................................................................60 Brazil .......................................................................................................66 Cambodia................................................................................................91 Cameroon ...............................................................................................96 Canada ................................................................................................. 102 Chad ����������������������������������������������������������������������������������������������������� 113 Chile ����������������������������������������������������������������������������������������������������� 120 China ���������������������������������������������������������������������������������������������������� 127 Colombia .............................................................................................. 140 Côte d’Ivoire ���������������������������������������������������������������������������������������� 170 Croatia ................................................................................................. 177 Cyprus .................................................................................................. 182 Democratic Republic of Congo .......................................................... 188 Denmark .............................................................................................. 192 Ecuador................................................................................................ 204 Egypt ���������������������������������������������������������������������������������������������������� 214 Equatorial Guinea ������������������������������������������������������������������������������� 222 Gabon................................................................................................... 228 Germany .............................................................................................. 234 Ghana ��������������������������������������������������������������������������������������������������� 241 Greece .................................................................................................. 249 Greenland ............................................................................................ 253 Guinea �������������������������������������������������������������������������������������������������� 259 Guyana .....................................................................................264 Iceland ������������������������������������������������������������������������������������������������� 269 iii Contents India ..................................................................................................... 274 Indonesia ��������������������������������������������������������������������������������������������� 286 Iran ....................................................................................................... 295 Iraq ....................................................................................................... 300 Ireland .................................................................................................. 307 Israel .................................................................................................... 317 Italy ������������������������������������������������������������������������������������������������������ 326 Kazakhstan .......................................................................................... 343 Kenya ��������������������������������������������������������������������������������������������������� 354 Kuwait .................................................................................................. 360 Laos ����������������������������������������������������������������������������������������������������� 372 Lebanon ............................................................................................... 377 Libya .................................................................................................... 382 Malaysia ����������������������������������������������������������������������������������������������� 390 Mauritania ........................................................................................... 400 Mexico .................................................................................................. 406 Morocco ����������������������������������������������������������������������������������������������� 426 Mozambique ........................................................................................ 432 Myanmar ���������������������������������������������������������������������������������������������� 438 Namibia ������������������������������������������������������������������������������������������������ 445 Netherlands ......................................................................................... 454 New Zealand ........................................................................................ 466 Nigeria ................................................................................................. 477 Norway ................................................................................................. 488 Oman ................................................................................................... 494 Pakistan ............................................................................................... 499 Papua New Guinea .............................................................................. 511 Peru...................................................................................................... 524 Philippines ������������������������������������������������������������������������������������������� 544 Poland .................................................................................................. 549 Qatar ���������������������������������������������������������������������������������������������������� 557 iv Contents Republic of the Congo ........................................................................ 563 Romania ............................................................................................... 568 Russia................................................................................................... 585 Saudi Arabia ����������������������������������������������������������������������������������������
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