High-Level Summary Technical Assistance Report: Namibia

High-Level Summary Technical Assistance Report: Namibia –Petroleum Fiscal Regime Review

By Thomas Baunsgaard, Cristian Chagalj, Peter Harris

June 21, 2024

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Format: Chicago

Thomas Baunsgaard, Cristian Chagalj, and Peter Harris. High-Level Summary Technical Assistance Report: Namibia –Petroleum Fiscal Regime Review, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

Following a surge in petroleum sector exploration, the Namibian authorities requested a review of their petroleum upstream fiscal regime. The petroleum fiscal regime balances investor and government interests and is fit for purpose although untested in practice. A number of recommended policy measures if implemented would provide clarity and simplicity for taxpayers while safeguarding government revenue collections. Fiscal transparency can be enhanced by publishing petroleum agreements while the costs and benefits of state participation should be considered.

Subject: Commodities, Oil, Oil, gas and mining taxes, Taxes

Keywords: Gas and mining taxes, Government interest, Inter-agency petroleum modeling team, Namibian authorities, Oil, Oil, Petroleum sector policy design, Petroleum sector regulator

Publication Details

Pages:

4
Volume:

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DOI:

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Issue:

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Series:

High Level Summary Technical Assistance Report No. 2024/023
Stock No:

HLSEA2024023
ISBN:

9798400279591
ISSN:

2959-4103

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High-Level Summary Technical Assistance Reports