Certificate In Oil And Gas Taxation

AIM: This course is designed to provide participants with in-depth analyses of oil and gas taxation issues.

OBJECTIVES: To examine the candidate’s knowledge and understanding of oil and gas industry business arrangements and taxation. Candidates will also possess the ability to apply the tax law and to the practice of taxation of solid minerals businesses; appreciation of the provisions of the statutes and their interpretations in practice and knowledge of tax computations, provisioning, adjustments, filing of returns and method of payment of taxes; Understanding of ethical issues including the operations of the Nigerian Extractive Industry Transparency Initiatives

TARGET AUDIENCE: Tax Directors, Tax managers, Accountants, Asset managers, financial analysts, Auditors and Tax experts.

RECOMMENDED TEXTBOOKS

Oremade, B.T.O.   – Petroleum Profit Tax in Nigeria, Evans Brothers

CITN Tax Series   – Petroleum Taxation

Federal Government press – Petroleum Profit Tax Act – Law of the Federation of Nigeria

Ani, A.A.    – Companies Income Tax and Petroleum Profits Tax in Nigeria, UPC

Uche, R.U.    – Petroleum Accounting and Taxation in Nigeria, Alexander Books Associates Federal Government Press – National Tax Policy

Foluso Fasoto    – Nigerian Tax Companion (Hortosaf Associates Ltd)

Arogundade    – Nigerian Income Tax & International Dimensions

Abrahamson, J. Trolley’s International Taxation of Upstream Oil and Gas (LexisNexis, 2014) ISBN: 9780754550099]. Available in hard copy and eBook format from LexisNexis:

www.lexisnexis.co.uk/store/uk/Tolleys-International-Taxation-of-Upstream-Oil-and-Gas/product

Calder, J. Administering Fiscal Regimes for Extractive Industries: A Handbook (IMF, 2014) [ISBN: 9781475575170] Available in ebook format from the IMF eLibrary: www.elibrary.imf.org EY. 2014 Global Oil and Gas Tax Guide (London: EY,

2014) Available in ebook format from EY:www.ey.com/GL/en/Services/Tax/Global-oil-andgas-tax-guide—Country-list

Nakhle, C. Petroleum Taxation: Sharing the Oil Wealth (London: Routledge, 2008) [ISBN: 9780415541909]. Available in hard copy and ebook format from Routledge: www.routledge.com/books

Essential Reading – Model Agreements

Egypt. Concession Agreement for Gas and Crude Oil Exploration and Exploitation (2012). Available from the Egyptian Natural Gas Holding Company (EGAS) online:

www.egas.com.eg/BidRound2012/MODEL_AGREEMENT_2012_new.pdf

Iraq. Model Producing Oil Field Technical Service Contract (2009). Available from Platform:

http://platformlondon.org/documents/PFTSC-23-Apr-09.pdf

Other Relevant Reading

Amereller, F., Jäger, S. and Al-Janabi, A. Legal Guide to Doing Business in Iraq (Munich: Amereller Rechtsanwälte, 5th edition, 2010), pp. 94-97 Available from the Private Sector Development Center in Iraq (PSDC):

www.psdc-iraq.org/sites/default/files/Iraq_Legal_Guide_2010.pdf

Daniel, P., Keen, M. and McPherson, C. (eds). The Taxation of Petroleum and Minerals (London: Routledge, 2010) [ISBN: 9780415569217] Available in hardcopy and ebook format from Routledge:

www.routledge.com/books

EY. 2012 Transfer Pricing Global Reference Guide (London: EY, 2011) Available from EY:

www.ey.com/GL/en/Services/Tax/International-Tax/Transfer-Pricing-and-Tax-Effective-Supply-

Chain-Management/2012-Transfer-pricing-globalreference-guide

EY. US GAAP vs. IFRS – The Basics: Oil and Gas (London: EY, 2009), pp. 40-41 Available from EY:

www.ey.com.au/UL/en/AccountingLink/Publications-library-US-GAAP-vs–IFRS–The-Basics

Kobetsky, M. International Taxation of Permanent Establishments: Principles and Policy (Cambridge: Cambridge University Press, 2011) [ISBN: 9780521516327]

Available in hardcopy and e-book format from Cambridge:

www.cambridge.org

OECD, Committee on Fiscal Affairs. Model Tax Convention on Income and on Capital, together with Commentary (Paris, OECD: 2010) [ISBN: 9789264089488]

Candidates may take a copy of this text into the examination. Available from the OECD online bookshop: www.oecdbookshop.org

OECD, Committee on Fiscal Affairs. Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (Paris: OECD, 2010) [ISBN: 9789264090330] Available from the OECD online bookshop: www.oecdbookshop.org

PwC. Financial Reporting in the Oil and Gas Industry: International Financial Reporting

Standards (London: PwC, 2011), pp. 85-90 Available from PwC:

www.pwc.com/gx/en/oil-gas-energy/reportingregulatory-compliance/publications financialreporting-oil-gas-industry.jhtml

Shelton, N. Interpretation and Application of Tax Treaties (London: Bloomsbury, 2004) [ISBN:

9781845923419] Available from Amazon: www.amazon.com Or available from ABE Books: www.abebooks.com