Today marked the opening of the “Corporate Income Tax Assessment Conference for the Oil and Gas Sector” in Dubai, organized by the International Tax and Investment Center (ITIC). The event features high-level participation from the Supreme Committee for Tax Reform, chaired by Dr. Abdel Hussein Al-Anbaki, and includes the Foundation for Economic Development and Sustainable Growth as ITIC’s strategic partner. Global energy companies—among them Total, Petronas, and China Energy—are in attendance, alongside representatives from leading audit firms such as EY, KPMG, PwC and Deloitte.

‏The conference agenda covers a range of pivotal issues, most notably the challenges of implementing corporate income tax in the oil and gas sector and the means to address them in order to enhance the attractiveness of the business environment for this vital industry. It will also review global best practices and public–private coordination mechanisms aimed at achieving fiscal and tax sustainability that supports the growth of the oil industry and stimulates investment.