South Africa - 04

South Africa: IMF Fiscal Regime Report Provides Support for IOCs

On 1 August the IMF published its report on petroleum sector fiscal regime reform in response to South Africa’s request for technical assistance. The report provides additional analysis for the Davis Tax Committee (DTC), which was established by Finance Minister Pravin Gordhan in July 2013 to assess the tax policy framework and how it supports inclusive growth, employment, development, and fiscal sustainability. The IMF report is due to be submitted to Gordhan with the Davis Tax Committee’s first interim report on oil and gas by the end of August 2016.

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