13 Dec 2018 Petroleum resource rent tax gap
The petroleum resource rent tax (PRRT) is a tax on profits generated generally from the sale of oil and gas products, known as marketable petroleum commodities (MPCs). It is levied over and above normal income tax payable by the owners of petroleum projects, and is paid on stabilised crude oil, sales gas
Condensate, liquefied petroleum gas (LPG), ethane, shale oil and any other product declared by regulation to be an MPC.
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