US: No Need to Price Oil Rig Transaction Says IRS
In order to use an oil rig, the drilling service provider does not require the kind of special measure for evaluating rents to its sister subsidiary, contemplated by an international project to combat base erosion, an Internal Revenue Service
See MoreGreece: Planning to cut tax rates for oil and gas companies
The tax rate of oil and gas explorers has been planned to reduce to 25% from current tax rate of 40% and 5% of the tax will be allotted for local communities. As per Greece energy minister, Ioannis Maniatis, the measure will be taken to attract
See MoreRomania: Higher Taxes Expected From Oil and Gas Review
Recently the energy industry consulting firm Global Data issued a report according to which royalties on oil and gas in Romania are likely to increase by around ten percent on average from 2015. Windfall taxes on the industry are about to expire but
See MoreHungary- Amendments to Tax Law
Hungary’s Act CXXIII of 2013 on the modification of Certain Laws on Public Burdens was announced on 30 June 2013. According to the amendments mining fee will increase from 1 August and 16% of the charge of the mineral oil and natural gas exploited
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