Country Report

Argentina upstream fiscal summary

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12 December 2018

Argentina upstream fiscal summary

Report summary

Argentina has a concession fiscal regime introduced by Plan Argentina in 1991. The Ministry of Energy and Minerals (Ministerio de Energía y Minería) awards blocks in licensing rounds. The regime has undergone numerous changes in recent years - removal of export duty in 2017 and its re-introduction in September 2018, deregulation of oil prices and currency exchange, and a decrease in the income tax rate. The current administration has taken a more open stance to the upstream market.

Table of contents

  • Executive summary
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Bonuses, rentals and fees
      • Indirect taxes
      • Provincial sales (turnover) tax
      • Royalty (Regalía)
      • Corporate income tax
      • Additional petroleum tax
      • Fiscal treatment of decommissioning costs
      • Product pricing
      • Summary of modelled terms
    • Recent history of fiscal changes
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 21 images and tables including:

  • Executive summary: Image 1
  • Timeline
  • Timeline detail
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate - onshore, oil and gas
  • Effective royalty rate - shelf and deepwater, oil and gas
  • Maximum government share – onshore, oil and gas
  • Maximum government share – shelf and deepwater, oil and gas
  • State share versus Pre-Share IRR - oil
  • State share versus Pre-Share IRR - gas
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas
  • Bonuses, rentals and fees
  • Current licence, equity and fiscal terms: Table 2
  • Other indirect taxes
  • Offshore royalty rate
  • Offshore royalty rate
  • Onshore assumed terms

What's included

This report contains:

  • Document

    Argentina upstream fiscal summary

    PDF 861.42 KB

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