Corporate Tax in Oil & Gas Production. Who Must Pay It in Equatorial Guinea?
Article from: OGEL 4 (2018), in Taxation
Executive Summary
This paper reviews the current legal framework -both general and particular- concerning the corporate tax levied on the hydrocarbon industry in the Republic of Equatorial Guinea, currently a relevant African oil producer. It focuses on the entities subject to said corporate tax -companies awarded hydrocarbon concessions in the country and their holding companies-, as a consequence of the "source principle" enshrined in Tax Law 4/2004. It also aims to ascertain the scope of corporate tax -which is levied on corporate profits and capital gains- and its consequences for the holding ...