Tax advice on natural resources

Natuurlijke rijkdommen

If your company trades in or disposes of natural resources, you will be confronted with complex tax matters. Indeed, the taxation of natural resources is subject to a continually changing and ever-more complicated regulatory regime. Moreover, public interest in this sector’s tax regime is growing, making the correct tax strategy all the more necessary. Our tax advisors will gladly help you with this.

Types of natural resources

What is an accurate definition of natural resources? Meijburg & Co primarily advises and supports two sectors, namely companies involved in oil and gas, and companies active in mining. In addition, through our returns services, we arrange tax returns on a variety of taxes. More details on the two sectors and our returns services are provided below.

Tax advice for oil and gas companies

Do you have an oil or gas company? If so, with us, you are assured of expert tax advice, as we have vast knowledge and experience of the entire value chain. This covers upstream, midstream, downstream and service providers both at the field and in proximity to it. We will gladly assist you, among others, with the following services:

  • Gaining insight into the tax aspects of expansion to countries in which you are not yet active
  • Managing the international assignment of staff
  • Optimising the structuring of the cross-border supply chain
  • Application of the continually changing tax legislation and international tax initiatives
  • Planning and structuring of transactions and cross-border company activities
  • Working in a tax efficient manner within the entire value chain and for a project’s entire lifespan
  • Controlling tax risks
  • Promoting sustainable growth

Tax advice for companies in the mining sector

If you have a company in the mining sector, our specialists are also glad to assist you. We advise mining companies for the entire duration of their mining activities. This involves acquisition and exploration phases, development, extraction and the termination or transfer of the extraction activities. With our assistance, you gain insight into the continually changing tax legislation. Together with you, we structure your mining activities in such a way that your company satisfies all of the complex rules. At the same time, we optimise your tax position to the greatest possible extent.

Assistance with tax returns

Through our returns services, we support you with your returns on a variety of taxes. A tax return is more than simply the product of a compliance obligation. Recently, transparency, reporting and documentation obligations have been said to have increased, as has the international exchange of data between tax authorities. As a result, tax returns also play an important role in the controlling of your natural resources company’s tax risk. We are here to support you in the following areas:

  • Corporate income tax
  • Transfer pricing
  • Country-by-Country reporting
  • Royalty and production levies
  • Calculations for tax accounting
  • Processing of expatriate tax returns
  • Reporting concerning various indirect taxes

Need advice on natural resources?

Do you have an oil or gas company and do you want to control your tax risks? Or are you in the mining sector, and do you require assistance with your corporate income tax returns? Meijburg & Co’s professionals will gladly advise you on everything you encounter which involves tax. In this way, your natural resources company will optimise its tax position.

© 2023 Meijburg & Co is a partnership of limited liability companies under Dutch law, is registered in the Trade Register under number 53753348
and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.
All rights reserved.