Menu
The world economy needs energy to run and much of that energy is crude oil. This has therefore defined international relations since the discovery of the internal combustion and diesel engines powered by crude oil. ... Investments and Employment Relations in the Nigerian Oil and Gas Industry. C. Onuegbu JP,LLM... Download Download PDF. Full PDF ...
Get price
By Modupe Gbadeyanka Nigeria's Accountant-General of the Federation (AGF), Mr Ahmed Idris, has tasked the Chartered Institute of Taxation of Nigeria (CITN) to come up with more scientific ways and means of improving the collection of taxes in the country to enable government to increase its revenue base. Mr Idris made this call at the [.]
Get price
Ademola is a fellow of both Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN), CertIFR (ACCA-UK). He holds B.Sc. in Economics, MBA (Finance) from Obafemi Awolowo University, Ile-Ife. He is an alumnus of prestigious Lagos Business School and Strathmore Business School, Nairobi, Kenya.
Get price
CONCEPT OF TAX {CONT} 2020 CITN PRE-INDUCTION ORIENTATION PROGRAMME S/N INCENTIVES 1 Tax holiday of 3 - 5 years is granted to companies that manufacture products like Transformers, meters, control panels, switchgears, cable and other electrical related equipment, which are considered pioneer products/industries 2 Power plants using gas are ...
Get price
the Contracting States shall notify each other of any significant changes which have been made in their respective taxation laws. 3. This Agreement shall not apply, in the case of Belgium, to the corporate income tax to the extent that such tax is payable, in accordance with Belgian law, by a company
Get price
compliance of nigerian oil and gas industry with disclosure requirements of statements of accounting standards (sas) 14 and sas 17: a case study of oando plc January 2014 DOI: 10.5707/cjsd.2014.5 ...
Get price
Single Subject Certificate Courses in Taxation Review ₦50,000.00 Buy this course Overview Curriculum Instructor Reviews AIM: This course is designed to provide participants with in-depth analyses of oil and gas taxation issues.
Get price
Off shore in depth of between 100-200m - 15% iv. Off shore in depth of over 200m - 20% Tax incentives to gas industry In view of the enormous potentials in this sector, Government has approved the following fiscal incentives: Gas production phase a. Applicable tax rate is the same as the company income tax which is currently at 30% b.
Get price
2014-07-08- Oil & Gas in TL 1. ... LEGAL FRAMEWORK Petroleum in Timor-Leste Institutional aspects TLEA JPDA Ministry of Petroleum and Mineral Resources TIMOR GAP - Timor Gás & Petróleo, E.P Autoridade Nacional do Petróleo Designated Authority Joint Commission Ministerial Council ... Other main applicable instruments • Model Production ...
Get price
Babatunde Ogungbamila is a Partner in Olisa Agbakoba Legal and heads the firm's Dispute Resolution Practice. He is also responsible for the firm's Labour and employment, banking, Natural Resources and Finance Practice Brief. He is an astute litigator who has honed his skills of persuasive speaking from his frequent interfacing at all the levels of courts in Nigeria.
Get price
Agency Program Aide. Central Office, Albany. (518) 402-8056. If you are looking for information pertaining to mining and mined land reclamation, visit Mining & Reclamation. Mineral Resources Environmental Notice Bulletin - New York State oil, gas and solution mining notices.
Get price
(11) The amount by which the percentage depletion allowance allowed by sections 613 and 613A of the Code for mines, oil and gas wells, and other natural deposits exceeds the cost depletion allowance for these items under the Code, except as otherwise provided herein. This subdivision does not apply to depletion deductions for clay, gravel, phosphate rock, lime, shells, stone, sand, feldspar ...
Get price
Corporation and one of the largest oil producers in Nigeria. With a long and established history of operations, the company's oil & natural gas production activities is a major source of revenue for the Nigerian government and economy. As a result of organizational growth and the associated opportunities within the
Get price
Sep 18, 2020A recent notice by the Chartered Institute of Taxation of Nigeria (CITN) signed by its Registrar/Chief Executive, Adefisayo Awogbade, stated that, "In view of the foregoing, the April 2020 Professional Examinations are now scheduled to hold on Tuesday, October 13 and Wednesday, October 14, 2020. Please note that this serves as a notice to all ...
Get price
The MD has over a decade of experience working with globally recognized oil and gas companies and some of the most respected banks in Nigeria. ... (ICAN) and Chartered Institute of Taxation Nigeria (CITN). He has B.Sc. (Accounting - 2nd Class Upper) from Ambrose Alli University, Ekpoma; M.Sc. (Energy Finance), LLM (Petroleum Taxation & Finance ...
Get price
OIL AND GAS TAXATION; Course Contents. UPSTREAM OIL & GAS INDUSTRY - CONCEPTUAL FRAMEWORK; i.The business arrangement. a. Participation of foreign controlled companies. b. The Nigerian Content and Indigenous Companies. c. Concept of Subsidiary, Affiliates and permanent establishment / fixed bases of operations . ii. All aspects of Petroleum ...
Get price
AS the nation reels from its revenue drop in crude oil, the new management at the Federal Inland Revenue Service (FIRS) has flagged off a number of initiatives to bolster tax revenue to shore up ...
Get price
Nigeria's oil sector suffers 6.63% decline amid production cuts. Shrinking of economy: Experts warn of mass poverty, predict recession in Q3. FG orders petroleum ministry vehicles to run on autogas. Revenue rises by N19.26bn, FG, states, LGs share N676.41bn. Nigeria accounts for 70% products under ECOWAS trade - FG.
Get price
The Institute was chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992 (now CITN Act, CAP C10, Vol. 2, Laws of the Federation of Nigeria, 2004) and was charged with the responsibility, among others, of determining what standards of knowledge and skills are to be attained by persons seeking to become professional Tax Practitioners or Administrators.
Get price
Oil and Gas; by SE Staff. August 9, 2022. ... Indeed, the Service is also charged with finding innovative ways to reform tax administration and raise public revenue to effectively finance the National Development Plan (NDP) 2021-2025. ... Chartered Institute of Taxation (CITN), Adesina Adedayo, noted that "Without a doubt, taxation has proven ...
Get priceTHE Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has called on professional bodies in the regulation of tax practice to lead conversations on matters of tax policy and tax laws in Nigeria. Nami made the call on Thursday, July 7, 2022 while hosting a meeting of councils of the Chartered Institute of Taxation of ...
Get price
Oil and Gas Producing Companies. ... Among other corporate tax incentives and reliefs in Nigerian are, solid minerals mining which is for a new company engaged in solid minerals mining. ... CITN Nigerian Tax Guide and Statute, (1st Edition, The Chartered Institute of Taxation of Nigeria, 2002), p. 184. 64. Section 29 (2) CITA, 2004. 65.
Get price
08039187289 [email protected]. Mon - Fri 8.00 - 17.00. 12 Sokode Street, Wuse zone 5 Abuja F.C.T. Home Executive Members of JTB.
Get price
Finance, energy and tax experts, yesterday, raised concerns over the inability of the Federal Government to harness existing opportunities in the country before resorting to borrowing as oil companies operating in Nigeria are currently owing to the country over $6.48 billion. Apart from the oil and gas industry, many of the stakeholders insisted that borrowing
Get price
Nigeria has so much potential to scale up its exports, shifting from over-dependence on oil and gas to agricultural produce, solid minerals, chemical products, furniture, clothing, and so on." ... among other laudable initiatives. The RT200 FX Scheme seeks to generate as much as US$200 Billion in FX earnings, specifically from non-oil sources ...
Get price
the provision of the act on compensation is to the effect that: the holder of an oil exploration licence, oil prospecting licence or oil mining lease shall in addition to any liability for...
Get price
Failed Oil, Gas and Other Minerals Taxation only Reference in Oil, Gas and Other Minerals Taxation - To sit for Taxation of E- Commerce and Strategy, Risk and Ethics in the new PT 2 Syllabus and Oil, Gas Taxation and Solid Minerals Taxation in the new PT 3 Syllabus while other courses had been credited in the new PT 3 Syllabus
Get price
The country is presently suffering the adverse effects of the dwindling revenue from crude oil and gas sector, which today accounts for about 95 percent of its revenue. Saturday, 20th August 2022 Home
Get price
Sep 1, 2020Tax or Oil Revenue in relation to Economic Gro wth. Researchers like Asagunla and Agbede 2018; Akhor and Ekandayo 2016, Alkhanthian (2013), Nweze and Edame 2016, Olatunji and
Get price
The Special Control Unit Against Money Laundering (SCUML) has released a new registration guidelines Some of the requirements include Tax Identification Number, Certificate of Incorporation, Memorandum and Articles of Association, BVN, Bank account name and number among others Spokesman of the EFCC, Mr. Wilson Uwujaren, said the listed requirements for registration was a normal and [.]
Get price
The carrot, vide gas utilisation incentives in sections 11 and 12 PPTA/39 CITA (and VAT/import duty exemptions on gas equipment under VATA/CEMA) have not obliterated gas flaring from our national ...
Get price
This included income from production sharing, royalties and corporate income tax on oil and mining companies (Pfister, 2009). Nigeria is a developing country whose major export is mainly crude oil. Nigeria endowed with other natural resources such as natural gas, tin, iron ore, coal, limestone, lead, zinc and arable land (Economy Watch, 2011).
Get price
These 10 top stories from Nigerian newspapers will interest you this morning. 1. 'We have permanently caged the lions and tigers from Edo politics,' Obaseki aims another jibe at Oshiomhole The ...
Get price
OIL, GAS AND OTHER MINERALS TAXATION - CITN | Home. oil, gas and other minerals taxation, taxation in the solid minerals industry in nigeria, companies income tax... Know More. quarry companies in edo state - crusherasia.
Get price
Also commenting, Ogbeide E. Benjamin, a tax consultant and former chairman, Chartered Institute of Taxation of Nigeria (CITN), Abuja chapter, said states could grow non-oil revenue. "Of course there are other options available to boost states' internally generated revenue rather than huge dependence on the FAAC. "But what has been noticed ...
Get priceThe CITN broke out of The Institute of Chartered Accountant Of Nigeria (ICAN) and was established in Feb 4, 1982 as Association of tax Administration and practitioner and the Federal Government through the enabling Act No. 76 of 1992 made it Chartered.
Get price
This paper looked at development of accounting practice in Nigeria and analyzes how the country's economic, taxation, and other factors affect the development of financial accounting regulations in Nigeria. The study observed that political issues, privatization and capital market growth brought about several reforms that have improved ...
Get price
Given that the huge oil revenue did not delivered the needed level of development, coupled with the global fall in oil price in 2016, the need for a more diversified economy becomes necessary.
Get price
Our core field of endeavor is centered within the Oil and Gas industry and its associated sub-sectors. ... Handling Taxation matters & other legal matters finalisation of accounts & Audit; ... Professional membership of Chartered Tax Institute of Nigeria (CITN) Minimum of 4 years exp in a multinational company ;
Get price
Powerful political entities have benefited from tax exemptions in the oil, mineral, gas, manufacturing, and agriculture sectors, leading to a reduction of the tax base for custom duties. [58] Revenue collection is constrained by smuggling, underreporting, and corruption among officials and importers.
Get priceCopyright ©2000- CCM MINERALS CO.,LTD.
