scholarly journals Instruments for adjusting Algeria's fiscal policy to market economy

2020 ◽  
pp. 31-44
Author(s):  
Anna Vladimirovna Bobrova ◽  
Abderraouf Abassi
Keyword(s):  
Market Economy ◽  
Oil And Gas ◽  
Tax Revenue ◽  
Mathematical Methods ◽  
Vertical Data ◽  
State Tax ◽  
Fiscal System ◽  
The Subject ◽  
Oil And Gas Sector

The subject of this research is the fiscal system of Algeria, namely the principles and methods of formation of consolidated budget of the country and the role of tax revenue in development of market economy. The author describes the factors that influence the country’s fiscal system, as well as highlights the priority conditions for economic development of Algeria. The goal of this work consists in formulation of recommendations on improvement of the processes of budgeting and state tax planning in Algeria, as well as on overcoming the problems of a resource-oriented and state-regulated economy. The methodological framework contains the principles and methods of factor analysis that reveal the external and internal causes of establishment of the modern fiscal system in Algeria, mathematical methods of horizontal and vertical data analysis of consolidated budget; methods of induction and modeling in advancing proposals on the development of Algeria’s fiscal system. The novelty of this work lies in the suggestions on diversification of the economy by reducing the share of the oil and gas sector and sequestering budget deficit by reducing military spending, as well as shifting budget tax revenue towards direct taxes. The results of the research demonstrate the democratic model of fiscal system in Algeria, oriented towards market economy.

scholarly journals ANALISIS PERHITUNGAN DAN PEMOTONGAN PPh PASAL 21 KARYAWAN TETAP PADA PT. TELAGA BAKTI PERSADA TERNATE

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Linath Masrinah ◽  
Jantje J. Tinangon ◽  
Natalia Y. T. Gerungai
Keyword(s):  
Income Tax ◽  
Oil And Gas ◽  
Vital Role ◽  
Tax Revenue ◽  
Tax Collection ◽  
Descriptive Research ◽  
Directorate General ◽  
The Government ◽  
Permanent Employees ◽  
Oil And Gas Sector

Taxes are an important component for the government in carrying out state activities in Indonesia, since the financing of routine expenditures as well as government development is largely derived from the tax sector. as it is known that tax revenue plays a vital role since the revenue from the oil and gas sector has decreased. The government in this case the Directorate General of Tax (DJP) always wanted to perform the task in terms of collecting tax revenue so that the nation's survival is maintained. Therefore, the Directorate General of Tax (DJP) is trying to get the tax collection in Indonesia on target by always trying to improve the service by updating the rules of tax collection that meet the requirements of justice, juridical, economic, financial and simple. This study aims to analyze the calculation and withholding of Article 21 Income Tax on the salary of PT. Telaga Bakti Persada Ternate whether it is in compliance with the provisions of the Taxation Law. No. 36 of 2008 Income Tax Income. This research uses Descriptive Research Method. The results of the research can be concluded that the calculation and withholding of income tax article 21 Income Tax on permanent employees of PT. Telaga Bakti Persada Ternate has done calculations and deductions in accordance with the provisions of the current law.Keywords: calculation and deduction of income tax PPh article 21, income tax, receipt income tax PPh article 21, accounting, income tax article 21, Tax Regulation.

Kazakhstan curbs oil output but eyes future growth

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Total Output ◽  
Tax Revenue ◽  
Content Type ◽  
Social Instability ◽  
Public Investments ◽  
Market Impacts ◽  
Oil Exports ◽  
Oil And Gas Sector ◽  
Future Growth

Significance The oil sector's contribution to GDP fell last year, but this was due only to the market impacts of the COVID-19 pandemic. Kazakhstan continues to depend heavily on oil exports for tax revenue and consequently for recurrent government spending and large public investments. Impacts Rising production at the Tengiz, Karachaganak and Kashagan fields will increase their share of total output from 63% in 2020 to 72% in 2025. The continued concentration of foreign investment in the oil and gas sector will thwart attempts at economic diversification. Slowing production at old deposits in western and southern Kazakhstan is fraught with risks of social instability and unrest.

FINANCIAL LEASING AND WAYS OF ITS DEVELOPMENT

2021 ◽  
Vol 21 (1) ◽  
pp. 252-261
Author(s):  
Murat Abdiev ◽  
◽  
Nurgul Abdullaeva ◽  
Keyword(s):  
Market Economy ◽  
Economic Integration ◽  
Kyrgyz Republic ◽  
Financial Leasing ◽  
Technical Base ◽  
Fixed Assets ◽  
The Subject

The article examines the role of the financial leasing system for raising the economy of the Kyrgyz Republic (KR) and the ways of their development in the context of economic integration, clarifies their theoretical and practical provisions. The subject of the study is financial leasing in a market economy, and the purpose of the study is to integrate as a member of the EAEU in raising the economy of the Kyrgyz Republic while strengthening the material and technical base of fixed assets, studying the essence and role of financial leasing and ways of their development. According to the results of the study, based on the study of the essence of financial leasing, the role in the economy, its forms, advantages, the ways of their development in the context of integration are proposed.

Investments in Unsettled Maritime Boundary Contexts: The Role of Bilateral Investment Treaties in Delivering Certainty

2019 ◽  
Vol 34 (3) ◽  
pp. 666-696
Author(s):  
Kathryn Khamsi
Keyword(s):  
Renewable Energy ◽  
Oil And Gas ◽  
Energy Sector ◽  
Bilateral Investment Treaties ◽  
Maritime Boundary ◽  
Investment Treaties ◽  
Oil And Gas Sector ◽  
Inter State

Abstract Interest in offshore investment is growing: the oil and gas sector has been developing offshore reserves for some time; more recently, the renewable energy sector has also been investing offshore. In that context, this paper considers the legal uncertainties that overlapping sovereign claims in offshore areas create for investments. It then canvasses the commitments that States can accord to address these legal uncertainties, whether unilaterally or through inter-State authorities that jointly regulate areas subject to overlapping claims. This paper is then principally devoted to considering the role of bilateral investment treaties in enforcing such commitments, and otherwise addressing the legal uncertainties generated by overlapping maritime claims. By way of conclusion, this paper considers analogies to other situations where investments are subject to the sovereign rights of more than one State.

Information Security of Oil and Gas Sector: Analysis of Applied Software of LUKOIL

2018 ◽  
Vol 6 (4) ◽  
pp. 25-29
Author(s):  
Н. Козырь ◽  
N. Kozyr' ◽  
В. Коваленко ◽  
V. Kovalenko
Keyword(s):  
Oil And Gas ◽  
Life Cycles ◽  
Automated Systems ◽  
Software Developer ◽  
Administrative Work ◽  
Applied Software ◽  
Sector Analysis ◽  
The Individual ◽  
Oil And Gas Sector

The article explores and describes the main automated systems and application packages used in various regional directorates and the head office of the company «LUKOIL». The key requirements set by the company for the implemented programs are singled out. The evolution of the company’s SPP is described, as well as the specific features of the programs used in the individual life cycles of the production process. The role of such a subdivision of the company, as «Lukoil-Inform», the main software developer, is investigated. The prospects for the development of a unified system of decision support that allows to conduct administrative work in the directorates from the corporate center are determined. Conclusions on the drawbacks of the usedsoftware are made.

scholarly journals The Role of Asian International Arbitration Centre (AIAC) as a regional Hub for Oil and Gas Sector

2018 ◽  
Vol 7 (3.21) ◽  
pp. 345
Author(s):  
Wan M. Zulhafiz ◽  
. . ◽  
. .
Keyword(s):  
Alternative Dispute Resolution ◽  
Dispute Settlement ◽  
Oil And Gas ◽  
Legal Framework ◽  
Kuala Lumpur ◽  
International Arbitration ◽  
Commercial Arbitration ◽  
Set Up ◽  
Oil And Gas Sector

Hydrocarbons projects involve multiple parties, including sovereign states and corporations, to operate expensive, complex and high-risk activities. Alternative dispute resolution (ADR) is often preferred more by the parties than litigation to ensure the smooth running of the projects. ADR refers to all mechanisms of dispute settlement other than litigation such as negotiation, mediation, adjudication, and arbitration. The Asian International Arbitration Centre (AIAC) or formerly known as the Kuala Lumpur Regional Centre for Arbitration (KLRCA) is the main institution that administers and resolves all commercial arbitration disputes in Malaysia. This research argues that, due to the technicalities and complexity of operations in the oil and gas sector, there is a need to set up a special arbitration centre for oil and gas under the AIAC to handle and resolve the industrial disputes. Furthermore, by establishing the centre, it can help to promote the AIAC as the choice of arbitration hub, especially within the Organization of the Petroleum Exporting Countries (OPEC). In doing so, it is necessary to pass a special legal framework to enable the establishment of the centre. It may function as a roadmap by the key players of the oil and gas sector to recourse in resolving disputes. The methodology employed by this research is carried out in a prescriptive, comparative and analytic manner.  

scholarly journals MODERN STATE AND ROLE OF TAX RECEIPTS FROM OIL INDUSTRY IN FORMING OF PROFITABLE PART OF FEDERAL BUDGET OF RUSSIAN FEDERATION

2017 ◽  
Vol 13 (1-2) ◽  
pp. 102-105
Author(s):  
Elena N Gorbunova ◽  
Tatiana V Psuk
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Federal Budget ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Long Period ◽  
Strategic Value ◽  
The Subject

Oil and gas industry has a strategic value for forming of profitable part of the budgetary system. Taxation of booty of oil in our country was and remains the subject of special discussion. During a long period the Russian legislation concerning taxation in oil industry was aimed to provide at any cost a due level of tax receipts in the budget of Russian Federation. In this connection, the article reveals the content of the tax system in oil industry and opens up estimation of consequences of its changes during the last years. The special attention is spared to the analysis of receipts of taxes from oil industry in the budget of Russian Federation. An author draws conclusion, that for providing continuous and stable stream of tax receipts in the budget of Russian Federation it is necessary to perfect the system of taxation in oil industry.

scholarly journals Russia in Turkmenistan: the Policy of Strengthening Cooperation

2020 ◽  
Vol 7 (1) ◽  
pp. 63-72
Author(s):  
E. G. Garbuzarova
Keyword(s):  
Oil And Gas ◽  
Negative Impact ◽  
Energy Market ◽  
Present Stage ◽  
Leading Role ◽  
Bilateral Relations ◽  
Political Cooperation ◽  
To Come ◽  
Oil And Gas Sector

The article analyzes the Russian-Turkmen relations, which at the present stage are characterized by special dynamism. Thanks to the return of Russian Gazprom to the energy market ofTurkmenistanin 2019, cooperation between the two countries has intensified. The leading role of the energy factor in the relations betweenRussiaandTurkmenistanis substantiated. The problems arising in cooperation between the two countries in the oil and gas sector have a negative impact on the overall background of bilateral relations. The article considers the external and internal challenges faced byRussiain the Turkmen direction.Russia’s focus on strengthening military-political cooperation withTurkmenistanis shown. Despite the fact that the interests ofRussiaandTurkmenistanoverlap, approaches to their implementation are markedly different.Turkmenistan’s foreign policy actions are entirely determined by its domestic political priorities.Turkmenistan, fearing excessive dependence onRussiaand relying on its neutral status, is in no hurry to establish closer ties withRussia, limiting itself exclusively to the gas sphere. It is concluded that the future of Russian-Turkmen relations will largely depend on the ability of the two countries to come to agreed decisions on the oil and gas issue.

Time for action: article on Peruvian Upstream industry and the need for competent governmental authorities to take effective actions to defend oil and gas investment

2019 ◽  
Vol 12 (5) ◽  
pp. 369-378
Author(s):  
Rocío La Torre Pizarro
Keyword(s):  
Foreign Investment ◽  
General Framework ◽  
Oil And Gas ◽  
Current Trend ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Critical Situation ◽  
Negative Results ◽  
Oil And Gas Sector

Abstract Over the last few years Peru has worked hard to become an important receptor of foreign investment. The oil and gas sector in Peru considers foreign investment crucial for sustaining its development. This article explores how the lack of action attributable to key governmental entities is driving the oil and gas industry in Peru to a critical situation that over time may result in foreign investment walking away from Peru. The article presents key governmental actors' roles, regulation and the general framework of Peru's oil and gas scenery. Public sources, statistics and records released by the key governmental actors are also presented for evidencing the negative results obtained in the Peruvian oil and gas industry as a consequence of the current administration's lack of adequate action. Reference is also made to some public specific cases to serve as examples to the reader. It is hoped that this article serves to remind the oil and gas community of the relevance of the role of governmental entities not only in attracting new foreign investment to a country for the signing of new licence agreements, but also the important role that said entities have during the execution of the licence agreements. Finally, we hope that the Peruvian authorities take action and by acting jointly with the Peruvian oil and gas community reverse the current trend in Peru.

scholarly journals The role of judges' assessment of legally significant circumstances in civil and administrative proceedings: on the example of Kaliningrad Oblast

2020 ◽  
pp. 1-17
Author(s):  
Valentin Valentinovich Balanovskii
Keyword(s):  
Mathematical Methods ◽  
Legal Proceedings ◽  
Civil Proceedings ◽  
The Supreme Court ◽  
The Subject ◽  
Kaliningrad Region ◽  
Administrative Proceedings ◽  
Court Of First Instance ◽  
Empirical Material

The main purpose of the article is to demonstrate on the matter of empirical material the importance of judges’ assessment of legally significant circumstances of the case for Russian civil and administrative proceedings. The subject of the research is the norms of the current procedural Russian legislation, the texts of the appellate rulings on cancellation of the decisions of the courts of first instance in civil and administrative cases of the Kaliningrad region, which entered into force in the period from 01.01.2017 to 31.12.2020, and the data of judicial statistics of the Judicial Department at the Supreme Court of the Russian Federation for 2017-2019. The author uses sociological and mathematical methods, as well as methods of content analysis of the texts of appeal rulings on the cancellation of decisions of the courts of first instance in civil and administrative cases. The novelty of the study is due to the fact that nobody has previously collected and analyzed statistical data on specific grounds for the complete cancellation of decisions of the courts of first instance in appeal order in civil and administrative cases in the Kaliningrad region. As a result of the analysis of specific empirical material, the author establishes that the judges' assessment of legally significant circumstances plays a key role for contemporary Russian legal proceedings. This is especially true for civil proceedings. This conclusion follows from the fact that every 25th decision of the court of first instance in civil proceedings is subject to complete cancellation. In 80% of such cases, the court's incorrect assessment of the legally significant circumstances of the case is the only or one of several grounds for cancellation.

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