Venezuela
slaps British oil giant BP with back-tax bill
AFP
CARACAS
Petroleumworld.com
03 25 06
Venezuela on Friday ordered British oil giant BP and one of its consortiums
to pay 61.39 million dollars in back taxes, the latest in a fiscal crackdown
on mostly foreign energy companies.
A court earlier froze the accounts of Italian oil group Eni's local
operations at the request of the tax authority Seniat, which is seeking
46.2 million dollars in unpaid taxes for the period 2001-2004.
The Seniat said BP Venezuela Holdings Limited had accumulated its tax
debt of 61.39 million dollars during the same period.
The order also affects a BP affiliated consortium in Venezuela called
Boqueron, it said.
The British company was given 15 days to pay or face fine increases
of between 25 percent to 200 percent, the authority announced.
Earlier, the Seniat said a court had been asked to freeze the accounts
of Eni because the foreign company "has not honored its commitments
to pay."
Eni executives and tax officials have held several meetings in the past
seven months during an audit of the company, whose local administrative
offices were recently closed.
On Thursday the Seniat hit Sincor, an alliance between Total of France,
Statoil of Norway and Venezuela's state-owned company Petroleos de Venezuela
(PDVSA) with a back-tax bill of 697,674 dollars.
Since mid-2005, the government of leftist President Hugo Chavez has
strictly applied a 2001 law that increases the tax rate for oil companies
to 50 percent from 36 percent.
The Seniat is seeking back taxes owed by 22 oil companies, most of them
foreign, who signed a contract in the 1990s with state-owned Petroleos
de Venezuela for the exploration of the country's energy resources.
It estimates the companies owe the government a combined two billion
dollars under the provisions of the law. Of that, the government already
has recouped 54 million dollars.
- 03/24/2006 19:46 - AFP
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