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Oil and Gas Revenue Management Act, No. 22 of 2015

País/Territorio
República Unida de Tanzanía
Tipo de documento
Legislación
Fecha
2015
Fuente
FAO, FAOLEX
Título completo
An Act to provide for the establishment and management of the Oil and Gas Fund, to provide for the framework for fiscal rules and management of oil and gas revenues and to provide for other related matters.
Materia
Recursos minerales
Palabra clave
Derechos/cánones Gas natural Hidrocarburos Fondo especial
Área geográphica
Africa, Africa Oriental, Países menos desarrollados
Resumen

This Act establishes the Oil and Gas Fund which consists of the Revenue Holding Account and the Revenue Saving Account and the Revenue Saving Account. The objectives of the Fund is to ensure that fiscal and macroeconomic stability is maintained; the financing of investment in oil and gas is guaranteed; social and economic development is enhanced; and resource for future generations is safeguarded. This Act charges the Minister to manage the oil and gas revenue, formulate and supervise all policy matters relating to the Fund, among others. The Act also creates responsibilities for the Bank of Tanzania in relation to the Fund. Essentially, the Tanzania Revenue Authority and National Oil Company collect oil and gas revenues due to the government.

Texto completo
Inglés
Página web
www.parliament.go.tz