PSC Taxation Update

INTRODUCTION

The responsibilities for ensuring work is delivered as outlined in the contract are primarily strategic rather than operational and are influenced by corporate policies in areas such as procurement, quality assurance, and financial regulation. The expectation is that all its employees responsible for contract and contractor management know contractor selection, deployment, and monitoring against contract compliance.

The work carried out by the contractor may bring new or additional risks into the employer’s workplace and hence appropriate controls need to be implemented to ensure no harm or liabilities incur in the company site operations.

This workshop sets out the theory and best practices in developing strategies and defining management responsibilities and implementation procedures for the management of risk and performance from the use of contractors.

OBJECTIVES

• To appraise the status of the PSC's Tax Regime under Law # 22/2001 re Oil and Gas.