Country Report

Croatia upstream fiscal summary

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04 July 2018

Croatia upstream fiscal summary

Report summary

Croatia has two fiscal regimes operating in its upstream sector.  A very simple Concession-based fiscal regime applies to the Croatian onshore, with only royalty and corporate income tax payable, together with a few minor indirect taxes, rentals and fees.  There is no state participation. In the offshore, foreign participation has been via simple Production Sharing Contracts (PSCs).  Royalty rates and the profit oil split between contractor and government are fixed.  There is a 100% cost...

Table of contents

  • Executive summary
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • Corporate income tax
      • Product pricing
      • 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

Tables and charts

This report includes 18 images and tables including:

  • Revenue flowchart: Croatia PSC
  • Timeline
  • Timeline details
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate - oil and gas
  • Maximum government share – oil and gas
  • State share versus pre-share IRR - oil
  • State share versus pre-share IRR - gas
  • Investor IRR versus pre-share IRR - oil
  • Investor IRR versus pre-share IRR - gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Profit sharing
  • Profit sharing
  • Assumed terms by location - oil

What's included

This report contains:

  • Document

    Croatia upstream fiscal summary

    PDF 275.52 KB

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