Country Report
Denmark 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 Danish government cancelled all future licensing rounds in line with decarbonisation goals in 2020. No new licences will be awarded. The existing licences operate under a concession fiscal regime. Terms are not biddable or negotiable. The current fiscal regime comprises corporate income tax and an additional profits tax, known as the hydrocarbon tax. There are incentives such as a higher capital uplift and an accelerated depreciation for capital costs. The Danish state holds a 20% equity stake in all new licences.
Table of contents
- Basis
-
Licence terms
- Duration
- Relinquishment
- Government equity participation
-
Fiscal terms
- Royalty
- Corporate income tax (Hydrocarbon Chapter 2 corporate income tax)
- Ring fencing
- Base
- Rate
- Payment schedule
- Temporary Solidarity contribution
- Ring fencing
- 12 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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Bonuses, rentals and feesIndirect TaxesTimeline
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Timeline detailsSplit of the barrel - oilSplit of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate and minimum state shareMaximum government share and maximum state shareState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gas
- 5 more item(s)...
What's included
This report contains:
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