OIL AND GAS TAXATION IN NIGERIA

ABOUT THE BOOK

This book aims to shed light on taxation in the oil and gas sector by providing a

foundational understanding of the key principles, challenges, and

considerations that underpin this important aspect of the industry.

The book consists of sixteen chapters with in-depth insight into the oil and gas

sector taxation background, fundamentals of taxation in the oil and gas sector,

legal and regulatory framework in the Nigeria oil and gas sector, taxation of

upstream exploration and production, taxation of midstream transportation

and storage, and taxation of downstream refining and distribution activities,

environmental levies and special tax considerations, international taxation in

the oil and gas sector, accounting and reporting, accounting methods in the oil

and gas sector, tax risks management in the oil and gas sector, cross-border tax

issues and tax planning approaches in the oil and gas sector, contemporary tax

issues in the oil and gas sector which focuses majorly on unitization agreements

and back-in-rights, future trend in oil and gas taxation, ethical dimensions and

considerations of energy taxation, and global perspective on oil and gas

taxation. Providing readers with a comprehensive grasp of the tax ramifications

connected to various operations. It is hoped that tax administrators, tax

practitioners, accountants, professionals, students, teachers, and researchers in

the field of taxation will find this book very helpful in their various careers and

fields.