Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The paper discusses options available to tax mineral extraction projects particularly in developing countries. A desirable government share of the economic rent generated from mineral extraction can be achieved through different tax and non-tax instruments. This gives some room to design a fiscal regime that will be attractive to investors while providing the government with a fair share of the economic rent. However, achieving this will require a careful assessment of the appropriate distribution of risk and reward between the investor and the government. Moreover, there is growing pressure on countries to provide increasingly lenient fiscal terms so as to remain competitive as global investment destinations.

Taxation --- Corporate Taxation --- Natural Resources --- Business Taxes and Subsidies --- Mining, Extraction, and Refining: Hydrocarbon Fuels --- Mining, Extraction, and Refining: Other Nonrenewable Resources --- Nonrenewable Resources and Conservation: General --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Public finance & taxation --- Environmental management --- Corporate & business tax --- Resource rent tax --- Non-renewable resources --- Production sharing --- Income and capital gains taxes --- Corporate income tax --- Taxes --- Environment --- Natural resources --- Oil and gas leases --- Income tax --- Corporations --- United States

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This manual introduces key concepts and methodology used by the Fiscal Affairs Department (FAD) in its fiscal analysis of resource industries (FARI) framework. Proper evaluation of fiscal regimes for extractive industries (EI) requires economic and financial analysis at the project level, and FARI is an analytical tool that allows such fiscal regime design and evaluation. The FARI framework has been primarily used in FAD’s advisory work on fiscal regime design: it supports calibration of fiscal parameters, sensitivity analysis, and international comparisons. In parallel to that, FARI has also evolved into a revenue forecasting tool, allowing IMF economists and government officials to estimate the composition and timing of expected revenue streams from the EI sector, analyze revenue management issues (including quantification of fiscal rules), and better integrate the EI sector in the country macroeconomic frameworks. Looking forward, the model presents a useful tool for revenue administration practitioners, allowing them to compare actual, realized revenues with model results in tax gap analysis.

Investments: Energy --- Money and Monetary Policy --- Public Finance --- Taxation --- Corporate Taxation --- Banks and Banking --- Fiscal Policy --- Taxation, Subsidies, and Revenue: General --- Business Taxes and Subsidies --- Mining, Extraction, and Refining: Hydrocarbon Fuels --- Mining, Extraction, and Refining: Other Nonrenewable Resources --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Energy: General --- Interest Rates: Determination, Term Structure, and Effects --- Monetary economics --- Investment & securities --- Public finance & taxation --- Corporate & business tax --- Finance --- Currencies --- Oil --- Corporate income tax --- Fiscal Analysis of Resource Industries (FARI) --- Resource rent tax --- Money --- Commodities --- Taxes --- Discount rates --- Financial services --- Revenue performance assessment --- Petroleum industry and trade --- Corporations --- Revenue --- Discount --- United States