South Africa : Technical Assistance Report-Petroleum Sector Fiscal Regime Reform-Additional Analysis for the Davis Tax Committee

This report follows meetings between FAD and the Davis Tax Committee (DTC) – Sub-Committee on Oil and Gas - in March 2016. It first lists the main issues discussed with the DTC oil and gas sub-committee regarding their planned recommendations for tax reform in the oil and gas sector. The second part of the note provides additional fiscal analysis prepared at the request of the subcommittee. The basis of the discussion was both the FAD 2015 report and the DTC's draft oil and gas report which outlined the preliminary recommendations of the sub-committee.