Country Report
Democratic Republic of Congo 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
The Petroleum Law introduced in 2015 states that all future licences will be production sharing contracts (PSCs), and will be awarded via licensing rounds. No contracts have been signed under the 2015 Petroleum Law and it is still in the bidding phase. The Petroleum Law splits the country up into yet-to-be-defined zones (A, B, C, and D). The actual tax rates are biddable and will be defined via competitive tender in the licensing rounds. The new PSC comprises royalty, super profit oil (SPO), cost recovery, excess cost oil, and profit share. State equity is minimum 20%. Corporate income tax (CIT) will be paid by the government.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Ring fencing
- Bonuses, rentals, fees
- Indirect taxes
- Royalty
- PSC cost recovery
- Base
- Cost recovery ceiling
- Recoverable costs
- 14 more item(s)...
- 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 the following images and tables:
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TimelineTimeline detailSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore, oilEffective royalty rate - shelf, oilEffective royalty rate - deepwater, oilEffective royalty rate - onshore, gasEffective royalty rate - shelf, gasEffective royalty rate - deepwater, gas
- 22 more item(s)...
What's included
This report contains:
