The recent discovery of oil and gas in Kenya is an opportunity to establish sound policies to support the generation of revenue. For citizens not directly benefiting from the oil and gas industry, revenue to the nation will be shared for the benefit of all, including future generations. Protecting this revenue throughout the life of the finite resource then is a major consideration for policy makers. Taxpayers are not always of the same conviction as the Government of the revenue they should pay, hence revenue from macroeconomic projections and actual revenue collected can vary. Worldwide, disputes arising from oil and gas have resulted in loss of revenue to Governments. In addition to revenue forecasting, it is prudent to plan for collection through taxpayer compliance management in order to mitigate against revenue shortfalls resulting from realised tax compliance risks. Progressive taxation planning is an international best practice in oil and gas revenue planning that allows policy makers to move to seal loopholes as and when they occur since it is difficult to foresee all challenges facing the fiscal regime in oil and gas. This research sought to add to knowledge in progressive taxation planning by reviewing Kenya’s oil and gas fiscal regime and tax compliance factors for optimised revenue collection.
Chakava, L (2021). A Review of the Fiscal Regime and Tax Compliance in the Oil and Gas Industry in Kenya. Afribary. Retrieved from https://tracking.afribary.com/works/a-review-of-the-fiscal-regime-and-tax-compliance-in-the-oil-and-gas-industry-in-kenya
Chakava, Lillian "A Review of the Fiscal Regime and Tax Compliance in the Oil and Gas Industry in Kenya" Afribary. Afribary, 20 May. 2021, https://tracking.afribary.com/works/a-review-of-the-fiscal-regime-and-tax-compliance-in-the-oil-and-gas-industry-in-kenya. Accessed 23 Nov. 2024.
Chakava, Lillian . "A Review of the Fiscal Regime and Tax Compliance in the Oil and Gas Industry in Kenya". Afribary, Afribary, 20 May. 2021. Web. 23 Nov. 2024. < https://tracking.afribary.com/works/a-review-of-the-fiscal-regime-and-tax-compliance-in-the-oil-and-gas-industry-in-kenya >.
Chakava, Lillian . "A Review of the Fiscal Regime and Tax Compliance in the Oil and Gas Industry in Kenya" Afribary (2021). Accessed November 23, 2024. https://tracking.afribary.com/works/a-review-of-the-fiscal-regime-and-tax-compliance-in-the-oil-and-gas-industry-in-kenya