Complex Concession-based fiscal regime. In addition to royalty and corporate income tax, an additional profits tax (called the Special Participation Tax, or SPT) is payable. SPT varies with time, location and production rates. A key issue in Brazil is that a range of indirect taxes are payable and are very complex, both at the federal, state and local level adding – on average – around 15% to project investments and costs. The total tax burden from indirect taxes varies greatly from...
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Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.
This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.
Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.
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Country report | Jun 2016
Brazil upstream fiscal summary
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