OTCPK:MAUXF - Post by User
Comment by
oullinson Jul 14, 2012 12:59pm
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Post# 20113601
RE: Good News for Mart
RE: Good News for Mart New tax proposal and what it means for Mart and indigenous fields.
The new tax proposal brings the tax level from 85% to 50%. Considering that the present tax is 65% for on-shore indigenous fields (outside of tax holidays) we can expect that the new tax level for that type of field will be around 35% to 40%.
This number was mentioned by Wade during the AGM. He also indicated that they expect some special tax incentive like a tax holiday for the new round of indigenous fields.
This indeed is a very good news.