Country Report
Canada (Newfoundland and Labrador) upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Simple concession-based fiscal regime. The 2007 Energy Plan stated that the government of Newfoundland and Labrador would take 10% equity in all future projects via Nalcor Energy (it is expected that Nalcor would take up its equity at the development plan approval stage and would negotiate payment of its share of exploration costs and pre-development costs incurred). Royalty is levied on a two tier system, basic royalty and net royalty, according to a sliding scale at rates linked to...
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Ring fencing
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Bonuses, rentals and fees
- Indirect taxes
- VAT/Sales Taxes
- Royalty
- Oil
- Onshore royalty
- Offshore royalty
- Gas
- Super-royalty
- 6 more item(s)...
- 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:
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Bonuses, rentals and feesSplit of the barrel - oilSplit of the barrel - gas
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Share of profit - oilShare of profit - gasEffective royalty rate and minimum state share - OilEffective royalty rate and minimum state share - GasMaximum government share and maximum state share - Onshore, OilMaximum government share and maximum state share - Offshore, OilMaximum government share and maximum state share - GasState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gas
- 10 more item(s)...
What's included
This report contains:
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