Tax Exemption in relation to Late Life Asset Production Sharing Contract (PSC)
Late Life Asset Production Sharing Contract (PSC) The Late Life Asset (LLA) PSC was adopted by Petronas in 2019 for specific oil and gas fields nearing the end of their productive life with resources of less than 30 MMstb. These PSCs have better terms for Contractors, intending to extend the value of the fields until […]
Accelerated Capital Allowance for Late-Life Assets projects for the Upstream Petroleum Industry
Late Life Asset Production Sharing Contract (PSC) The Late Life Asset (LLA) PSC was adopted by Petronas in 2019 for specific oil and gas fields nearing the end of their productive life with resources of less than 30 MMstb. These PSCs have better terms for Contractors, intending to extend the value of the fields until […]
Petroleum (Income Tax)(Deductions for Employment of Disabled Persons) Rules 1989
Double Tax Deductions for Employment of Disabled Persons IN exercise of the powers conferred by subsection (1) of section 83 of the Petroleum (Income Tax) Act 1967, the Minister makes Petroleum (Income Tax) (Deductions for Employment of Disabled Persons) Rules 1989 [P.U. (A) 391/1989], These Rules shall have effect for the year of assessment 1989 […]
