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Course Code: FNBN 2738
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Taxation in the Oil & Gas Industry
Course Sector:
Finance, Accounting and Banking
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Riyadh, KSA $4,250
02
5 Days
Dubai, UAE $4,250
03
5 Days
Riyadh, KSA $4,250
Introduction
Training course introducion / brief
Taxation in the Oil & Gas Industry
Taxation in the oil and gas industry is highly complex, shaped by different fiscal regimes, international tax principles, and country-specific regulations. Understanding taxation frameworks—including royalties, production sharing agreements, and corporate income tax—is critical for financial professionals to optimize profitability while adhering to regulatory requirements. Additionally, cross-border operations expose oil and gas companies to international tax risks, requiring expertise in areas such as transfer pricing, withholding tax, and double taxation treaties.
This advanced training provides finance and tax professionals with a comprehensive understanding of taxation in the oil and gas sector. Over five days, participants will explore key topics such as fiscal regimes, tax compliance, transfer pricing, tax-efficient structuring, and international tax treaties. Through case studies and hands-on exercises, they will learn how to navigate complex tax regulations, manage tax risks, and enhance tax planning strategies. The course will also cover emerging trends, including the impact of global tax reforms and ESG-related tax considerations, equipping participants with the knowledge to make informed financial and strategic decisions in the evolving energy landscape.
Training Course Methodology
This course is designed to be interactive and participatory, and includes various learning tools to enable the participants to function effectively and efficiently. The course will use sessions, exercises, and case applications, and presentation about proven-by-practice methods, new insights and ideas about the topic and its effects in a corporate world.
Course Objectives
At the end of the training course, participants will be able to
- Develop a thorough understanding of tax structures and fiscal regimes specific to the oil and gas industry, including royalties, production sharing contracts, and corporate taxation.
- Analyze the tax implications of different stages of the oil and gas value chain, from exploration to production and decommissioning.
- Apply international tax principles such as transfer pricing, withholding taxes, and double taxation treaties to ensure compliance and optimize tax planning.
- Identify tax risks and compliance challenges unique to the oil and gas sector and implement effective mitigation strategies.
- Gain practical insights into tax audits, financial reporting for tax purposes, and the impact of global tax reforms such as BEPS (Base Erosion and Profit Shifting).
Course Audience
Who is this course for, and can benefit the most
coming soon
Course Outline
The course aims and learning outcomes
Fiscal Regimes and Tax Structures in Oil & Gas
- Overview of taxation frameworks in the oil and gas industry
- Types of fiscal regimes: Concessionary systems, production sharing contracts (PSCs), and service agreements
- Royalties, signature bonuses, and government take
- Corporate income tax in oil and gas operations
- Windfall profit taxes and resource rent taxation
- Taxation of upstream vs. midstream vs. downstream operations
- Case studies on fiscal regimes in major oil-producing countries
Tax Compliance, Reporting, and Financial Considerations
- Key tax compliance requirements for oil and gas companies
- Tax reporting under IFRS and GAAP standards
- Deferred tax liabilities and tax provisions in financial statements
- VAT, excise duties, and other indirect taxes in the oil and gas industry
- Taxation of exploration, development, and production activities
- Tax credits, incentives, and deductions for oil and gas operations
- Audit and dispute resolution strategies in tax compliance
Transfer Pricing and International Taxation in Oil & Gas
- Overview of transfer pricing regulations for multinational oil and gas companies
- Transfer pricing risks in intercompany transactions (e.g., oil trading, services, financing)
- OECD BEPS (Base Erosion and Profit Shifting) framework and its impact on oil and gas taxation
- Withholding tax considerations for cross-border transactions
- Permanent establishment (PE) risks in international oil and gas operations
- Tax treaty application and strategies to mitigate double taxation
- Case study on transfer pricing disputes in the oil and gas industry
Tax Planning, Structuring, and Risk Management
- Tax-efficient corporate structuring in the oil and gas sector
- Tax implications of mergers, acquisitions, and joint ventures
- Managing tax risks in offshore operations and special tax zones
- Thin capitalization and interest deductibility rules
- Strategies for mitigating tax exposure and optimizing tax efficiency
- Tax impact of decommissioning and abandonment costs
- Real-world examples of tax planning strategies in oil and gas
Emerging Trends and Global Tax Developments
- Impact of global tax reforms on the oil and gas sector
- Digital taxation and ESG (Environmental, Social, and Governance) tax considerations
- Carbon taxes and emissions-related tax policies in oil and gas
- Tax implications of renewable energy investments and energy transition
- The future of resource taxation and implications for oil and gas companies
- Tax audit trends and regulatory scrutiny in the oil and gas industry
Providers and Associations
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Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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