Country Report
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 2020 and its re-introduction in May 2021, deregulation of oil prices and currency exchange, and an increase in the income tax rate. The current administration has taken a more open stance to the upstream market.
Table of contents
- Basis
-
Licence terms
- Duration:
- Relinquishment:
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Provincial sales (turnover) tax
- Ring fencing
- Base
- Income
- Deductions
- Rate
- Payment schedule
- Other indirect taxes
- Royalty (Regalía)
- Ring fencing
- Base
- Onshore rate
- Offshore rate
- Payment schedule
- Export duty
- Ring fencing
- Base
- Rate
- Payment schedule
- Corporate income tax
- Ring fencing
- Base
- Income
- Deductions
- Rate
- Payment schedule
- Additional petroleum tax
- Fiscal treatment of decommissioning costs
- Product pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 23 images and tables including:
- 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
- Provincial sales (turnover) tax
- Other indirect taxes
- Offshore royalty rate
- Offshore royalty rate
- Export Duty
- Export Duty rate
- Onshore assumed terms
- Offshore assumed terms
What's included
This report contains:
Other reports you may be interested in
Country Report
Somalia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Sudan upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Indonesia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
