High Level Summary Technical Assistance Report
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High-Level Summary Technical Assistance Report
Author | : Mr. Thomas Baunsgaard |
Publisher | : International Monetary Fund |
Total Pages | : 4 |
Release | : 2024-06-21 |
Genre | : |
ISBN | : |
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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.