Executive summaryThe Ghana Revenue Authority (GRA) has issued a directive for the implementation of the Additional Oil Entitlement (AOE). Consequently, the GRA has designed an AOE return to enable upstream petroleum contractors/operators (the Contractors) to comply with the AOE requirements in their respective petroleum agreements (PAs).This Global Tax Alert highlights the key matters set forth in the directive.Detailed discussionThe Head of the Petroleum Unit of the GRA, in a letter dated 20 June 2024, informed Ernst & Young Chartered Accountants (EY Ghana), among others, of the implementation of the new AOE return filing. The GRA stated that the design of...