Israel offers taxation expertise to Tanzania in oil and gas sector

In an exclusive interview with The East African Business Week in Dar es Salaam, Israel’s Ambassador to Tanzania, Uganda, Kenya and Malawi, Gil Haskel, said Israel has invited Tanzania to share experience on the taxation system for the oil and gas sector.

Israel said, they have a vast experience in how to collect tax and share the nation's wealth between the investors and government.
According to Haskel, their understanding come from experience they acquired since they discovered
natural gas in Leviathan.
Leviathan Natural Gas Field, located in the eastern Mediterranean Sea area, off the coast of Israel, was discovered in December 2010. Production is expected to commence in 2017.
At the time of discovery, the Leviathan gas field was the most prominent field ever found in the sub-explored area of the Levantine Basin, which covers about 83,000 square kilometres of the eastern Mediterranean region.
According to Ambassador Haskel, Tanzania could learn a lot on how to collect tax from the oil and gas marketing companies.
"We want to share experience with Tanzania in the area of taxation... we want to tip them (Tanzania) on at what extend should tax be collected"
Haskel told East African Business Week.

--- via AllAfrica