The Resource Important oil find spurs Greenland to adopt new tax rules

Important oil find spurs Greenland to adopt new tax rules

Label
Important oil find spurs Greenland to adopt new tax rules
Title
Important oil find spurs Greenland to adopt new tax rules
Creator
Subject
Language
eng
Summary
This article explains the new tax rules adopted on 9 November 2010, for prospecting, exploration, and exploitation activities in Greenland (Inatsisartutlov No. 20 of 18 November 2010), with a special focus on the possibilities for converting or transferring an enterprise subject to limited tax liability into or to a company and the opportunity for making tax farm-outs. Also, the article discusses the new possibilities for amortizing license interests for tax purposes, using gross tax schemes, and completing tax-exempt capital reductions. Finally, the article comments on regulatory changes
Citation source
In: Tax notes international. - Falls Church. - Vol. 61 (2011),
http://library.link/vocab/creatorName
  • Iversen, T
  • Ali, A
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • mining industry
  • conversion
  • amortization
  • licensing
  • exemption
Label
Important oil find spurs Greenland to adopt new tax rules
Instantiates
Publication
Label
Important oil find spurs Greenland to adopt new tax rules
Publication

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      52.3736660 4.9336932
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