Analysis of Petroleum Fiscal Regimes in Tanzania
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Date
2018-08-28
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Abstract
Natural resources exploitations are including the capital and technical problem. Developing countries do not have the necessary capital and technology to invest inexploration and development of hydrocarbon resources. On the other hand, petroleum resources are non-renewable and therefore their exploitation raises issues of taxation and intergenerational equitable sharing of revenues.
For the time being, different kinds of petroleum fiscal regimes have established to certify that the host governments attract foreign capital and at the same time get reasonable revenues from the resource extraction. The main fiscal regimes which have been developed include concession, production sharing agreement and service agreements.
The aim of this research was to investigate how the petroleum fiscal regime in Tanzania balances the objective of the Government and that of the investors.
The research shows that though some elements of the Tanzania petroleum fiscal regime are progressive, generally the fiscal regime itself is thought to be the toughest in the region. Natural resources especially Gas not only discoveries in Tanzania as a catalyst for investment into road, rail and pipeline infrastructure, but they also contributed to the region’s economic growth.
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: Petroleum Fiscal Regime, Gas production, Tidak ada keyword