Country Report

Argentina upstream fiscal summary

29 June 2018

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29 June 2018

Argentina upstream fiscal summary

Report summary

Concession-based fiscal regime, within which a key feature is a significant oil export duty – levied on gross export revenues, at a rate varying from 25%, linked to international oil prices, with the intention of restricting export revenue earned to a maximum of US$70/bbl. Royalty, corporate income tax and a provincial sales tax are also payable. Challenges remain, and the government continues to demonstrate a degree of hostility to upstream investors. In February 2012, it announced the...

Executive summary
Current licence, equity and fiscal terms
- Licence terms
- Government equity participation
- Fiscal terms
- Ring fencing
  - Bonuses, rentals and fees
  - Indirect taxes
  - Export duty
  - Royalty
  - Corporate income tax
  - Product pricing
  - Summary of modelled terms
Fiscal stability
- Recent history of fiscal changes
Economic analysis
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence