High-Level Summary Technical Assistance Reports

High-Level Summary Technical Assistance Report: Namibia –Petroleum Fiscal Regime Review

Author/Editor:

Thomas Baunsgaard ; Cristian Chagalj ; Peter Harris

Publication Date:

June 21, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Following a surge in petroleum sector exploration, the Namibian authorities requested a review of their petroleum upstream fiscal regime. The petroleum fiscal regime balances investor and government interests and is fit for purpose although untested in practice. A number of recommended policy measures if implemented would provide clarity and simplicity for taxpayers while safeguarding government revenue collections. Fiscal transparency can be enhanced by publishing petroleum agreements while the costs and benefits of state participation should be considered.

Series:

High Level Summary Technical Assistance Report No. 2024/023

Subject:

Commodities Oil Oil, gas and mining taxes Taxes

Frequency:

Regular