Oil production vs. Transfer Pricing
The value of crude oil is usually set, for the purpose of both royalties and profit-based taxes, at the point of sale or delivery that is, the point at which ownership passes to a buyer in a sale and at...
The value of crude oil is usually set, for the purpose of both royalties and profit-based taxes, at the point of sale or delivery that is, the point at which ownership passes to a buyer in a sale and at...
Where gas is sold as liquefied natural gas (LNG) the point of valuation may be an issue. Gas, like oil, is generally subject to a special tax regime, usually the same one that applies to oil or a modified version. In...