Central African Republic upstream fiscal summary Report

Country Report 30 May 2023

Get this report

$1,650

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

Upstream licences are awarded under concession terms, set by the 1993 Petroleum Code. Royalty is fixed at 12.5% for oil and 5% for gas. General corporate income tax is paid at a rate of 50%. The hydrocarbon law provides the provision for state equity participation, which should be stipulated in each petroleum contract but there is no mandatory state equity participation in licences. To date, there have been no competitive bid rounds.

Basis
Licence terms
Government equity participation
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
- Corporate income tax
- Ring fencing
- Base
- Depreciation
- Rate
- Payment schedule
- Fiscal treatment of decommissioning
- Product pricing
- Incentives
- 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