Ghana Revenue Authority issues directive for implementation of Additional Oil Entitlement

Executive summary

The Ghana Revenue Authority (GRA) has issued a directive for the implementation of the Additional Oil Entitlement (AOE). Consequently, the GRA has designed an AOE return to enable upstream petroleum contractors/operators (the Contractors) to comply with the AOE requirements in their respective petroleum agreements (PAs).

This Global Tax Alert highlights the key matters set forth in the directive.

Detailed discussion

The Head of the Petroleum Unit of the GRA, in a letter dated 20 Ju…