Uganda: Technical Assistance Report-Fiscal Regimes for Extractive Industries: Next Phase

December 13, 2017

Preview Citation

Format: Chicago

Uganda: Technical Assistance Report-Fiscal Regimes for Extractive Industries: Next Phase, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Technical Assistance Report discusses the advice provided by the IMF staff to the authorities of Uganda regarding extractive industry fiscal regimes. As Uganda’s portfolio of projects diversifies in the oil sector, the minimum take could be adjusted to allow for possible bonus bids, and for higher shares in the most successful projects. The royalty design also needs to take account of new provisions for distribution of a portion to local governments. The cost recovery limit could be set at 70 percent after deduction of royalty. In addition to work program, either a signature bonus or an upper tier of production sharing should form the bid variable in the licensing round, with all other items fixed and non-negotiable.

Subject: Commodities, Economic sectors, Expenditure, Income and capital gains taxes, Mining sector, Oil, Production sharing, Taxes

Keywords: Africa, Cash flow, Cost of capital, CR, Customs duty, Export duty, Flat rate, Global, Government share, Import duty, Income and capital gains taxes, Income tax, Intangible asset, ISCR, Mining sector, Oil, Production sharing, Rate of return, Resource company, Sensitivity analysis, Sliding scale, Tax treatment, West Africa, Withholding tax

Publication Details

Pages:

89
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/367
Stock No:

1UGAEA2017027
ISBN:

9781484332276
ISSN:

1934-7685

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