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Nick Giannopoulos

Director, Indirect Tax
PwC


Workshop on managing your systems and break-out sessions - September 12, 2017

1:00 PM

The oil and gas sector is one of the biggest sectors in the industry. Some or all parts of the supply chain could be zero-rated for VAT purposes notably in relation to exploration and production activities. Zero-rate means that VAT will be charged at zero per cent on the provision of such supplies and VAT incurred in relation to making these supplies can be reclaimed in full.
This session will address the following challenges and provide effective strategies to overcome the challenge of VAT within the following areas:
  • VAT impact on petroleum upstream activities
  • VAT impact on petroleum downstream activities &
  • VAT implementation and post implementation considerations