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Venezuela's tax Authority sen OPEN oil a tax bill of US$1mn in back taxes


Petroleumworld
CARACAS
Petroleumworld.com 03 31 06

Venezuelan tax authority SENIAT said in statement that OPEN oil company owes the country's 2.2bn bolivares (US$1mn) in back taxes.

The company operates the Casma-Anaco field under an transition operating agreement and will become soon a joint venture partner of Venezuelan oil company in the operation of the field

Venezuela's government have been revising all oil company tax records after SENIAT change last year the tax rate to 50% to companies operating oilfields for PDVSA. Companies had been paying 34%.

Petrleumworld 30 03 06

Copyright © 2006 Petroleumworld. All Rights Reserved.

 

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