02226nam a22002537a 4500 20240305165534.0 cr|||| |||| 190919s2019 tz |||||s|||| 00||0 eng d 9786139456000 29717 vLex 9601 9601 Mgaya, Raphael Bahati Tweve Petroleum Taxation [Recurso electrónico] : Oil and Gas Industry Fiscal Regimes of Tanzania / Raphael Bahati Tweve Mgaya Servicio en línea Dodoma: Lambert Academic Publishing, 2019 1 recurso electrónico The Fiscal Regimes of Tanzania is governed by various legal instruments most notably the Petroleum Act 2015 which sets out the royalty rates, minimum requirement for state participation, ring fencing, payment of training fees and bonuses. Other instruments such as the Income Tax Act 2004 provide for corporate tax, income tax, PAYE tax for employees, withholding taxes and capital gain tax. The existing petroleum contracts namely Production Sharing Agreements (PSAs) provide on matters such as profit sharing, cost recovery, cost oil or cost gas, additional profit tax, among others. The Model Production Agreement (MPSA), 2013 is currently in force and it provides guidelines for new PSAs to be entered into newly opened areas. Since its promulgation, the MPSA has not been tested. The previous 4th Bidding Round was based on the MPSA terms and no new PSA was signed following the last bidding round, arguably due to tough fiscal terms as embodied in the MPSA. This book, which is based on a study by the author undertaken between 2013 and 2014, illustrate why existing fiscal terms of Tanzania are considered as being tough compared similar hydrocarbon provinces in the region Disponible solo en los productos indicados vLex Global vLex Global (Academic Edition, excluding Law Schools) vLex Global (U.S. Academic Edition, Law Schools) vLex Global (U.S. Academic Edition, excluding Law Schools) vLex Global (Academic Edition, Law Schools) Derecho Fiscal Tanzania vLex Libros (Servicio en línea) https://app.vlex.com/#/sources/29717 RAA 0 0 0 0 VLEX 325805 BD-UIN BD-UIN 2024-03-05 0 29717 2024-03-05 2024-03-05 RAA 167838 167838