{"id":37005,"date":"2023-04-16T11:57:14","date_gmt":"2023-04-16T11:57:14","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/seminar-on-taxation-of-upstream-petroleum-operations-global-trends-and-the-mozambican-case"},"modified":"2023-04-16T12:13:41","modified_gmt":"2023-04-16T12:13:41","slug":"seminar-on-taxation-of-upstream-petroleum-operations-global-trends-and-the-mozambican-case","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/seminar-on-taxation-of-upstream-petroleum-operations-global-trends-and-the-mozambican-case","title":{"rendered":"Seminar on \u2018Taxation of Upstream Petroleum Operations \u2013 Global Trends and the Mozambican Case\u2019"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>As part of their Joint Capacity Building programme, the Tax Authority of Mozambique (AT) and the International Tax and Investment Centre (ITIC) on the 28th and 29th of March presented a seminar at the Ernst & Young office in Maputo.<\/p>\n

The programme, entitled \u2018Taxation of Upstream Petroleum Operations \u2013 Global Trend and the Mozambican Case\u2019, brought together tax specialists from the public and private sectors.<\/p>\n

During the event, which took place in a hybrid format over two days, several critical technical topics were discussed, including Global Energy and Gas Markets, Regulation and Development of Natural Gas Infrastructures, VAT and Customs issues and Petroleum Fiscal Regimes.<\/p>\n

The main objectives of the seminar were to give continuity to the existing AT\/ITIC Joint Capacity Building Program, promote dialogue and technical discussions between the government and the main operating companies in the country\u2019s oil and gas sector, which will ultimately contribute to Mozambique\u2019s sustainable and inclusive economic growth.<\/p>\n

\u201cWith the new LNG projects coming on stream, Mozambique will be approaching an economic and development renaissance,\u201d said ITIC president Daniel Witt. \u201cIt is critical that the blessings of natural resources are accompanied by adequate reform of the laws, regulations and tax system, in order to better manage the transition from the development to the production phase. As such, the next three to five years are critical for the reform, development and strengthening of human capacity in the legal, regulatory and tax areas of the country. This combination of capabilities will bring prosperity to the people of Mozambique,\u201d the official explained.<\/p>\n

For Anibal Mbalango, head of UTIE, Tax Authority of Mozambique, \u201cseminars like this are very positive, as they bring together the Tax Authority of Mozambique, oil and gas companies and technical specialists, and create a platform for joint work that avoids disputes between stakeholders and improves tax collection.\u201d<\/p>\n

Several specialists from the sector presented fundamental and relevant themes that served as a basis for productive discussions among the participants. The experts present were: Dr Christof Ruhl and Dr Carole Nakhle, both of Crystol Energy; Professor Marius van Oordt, Member of the United Nations Subcommittee on Indirect Taxation; Patricia Quirino, Tax Partner at EY; Ami\u0301lcar Nunes, Tax Partner at EY; Artur Swistak, an economist in the IMF\u2019s Fiscal Affairs Department; as well as senior representatives of the National Petroleum Institute (INP), National Hydrocarbon Company (ENH) and the Tax Authority of Mozambique (AT).<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. As part of their Joint Capacity Building programme, the Tax Authority of Mozambique (AT) and the International Tax and Investment Centre (ITIC) on the 28th and 29th of March presented a seminar at the Ernst & Young office in Maputo. The programme, entitled \u2018Taxation of Upstream Petroleum Operations \u2013 Global Trend and […]<\/p>\n","protected":false},"author":84,"featured_media":37004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-37005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nSeminar on \u2018Taxation of Upstream Petroleum Operations \u2013 Global Trends and the Mozambican Case\u2019 - Mozambique<\/title>\n<meta name=\"description\" content=\"As part of their Joint Capacity Building programme, the Tax Authority of Mozambique (AT) and the International Tax and I ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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