ACCOUNTING AND TAX SERVICES FOR OIL COMPANIES

• Provide professional information and interpretation of Income Tax, Stamp Tax, Social Security, Petroleum Income Tax, Surtax and other laws.

• Prepare or assist in the preparation of annual Income Tax Declarations.

• Independently and impartially review and audit clients’ accounting practices and procedures to ensure that they are compliant with regulations on one hand, and that clients are not making excessive tax payments on the other.

• Provide full support and assistance in the preparation of the “Petroleum Financial Declaration,” “Royalty Declaration” and/or any other requirements under Libya’s Petroleum Law, the Concession Agreements and EPSA Agreements.

• Provide high quality management support in critical and complex situations.

• Represent clients in arbitration cases and provide expert witness especially in disputes with the Local Tax Authorities.

We also provide accounting and tax services to other commercial, industrial and energy corporations.