Country Report

Argentina upstream fiscal summary

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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
    • Duration:
    • Relinquishment:
  • Government equity participation
    • Bonuses, rentals and fees
    • Indirect taxes
    • Provincial sales (turnover) tax
    • Ring fencing
    • Base
    • Income
    • Deductions
    • Rate
    • 24 more item(s)...
  • 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 the following images and tables:

  • 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
  • 11 more item(s)...

What's included

This report contains:

  • Document

    Argentina upstream fiscal summary

    PDF 967.27 KB