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Taxation of Oil and Gas Revenue in African Countries

In: Taxation and Management of Natural Resources in Africa

Author

Listed:
  • Abdallah Ali-Nakyea

    (University of Ghana
    University of Pretoria)

  • Nasir Alfa Mohammed

    (University of Ghana)

Abstract

The recognition of oil and gas as a predominant source of wealth in many developing countries is well established in the literature. For good or bad, the revenues generated from oil and gas can have a huge impact on the economic development and prosperity of developing economies. This chapter reviews the practice and implications of different resource taxes including royalties, corporate income tax, profit taxes, the resource rent tax, and acquisition of equity on oil and gas exploration and development in developing countries. Questions of the relevance and suitability of the different tax instruments for the countries implementing them are explored, and recommendations are proffered for African countries.

Suggested Citation

  • Abdallah Ali-Nakyea & Nasir Alfa Mohammed, 2024. "Taxation of Oil and Gas Revenue in African Countries," Advances in African Economic, Social and Political Development, in: Mohammed Amidu & Abdallah Ali-Nakyea & Joshua Yindenaba Abor (ed.), Taxation and Management of Natural Resources in Africa, pages 153-174, Springer.
    • Handle: RePEc:spr:aaechp:978-3-031-58124-3_8
    DOI: 10.1007/978-3-031-58124-3_8
    as

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