Insight

Denmark's proposed tax hike hits IOC value

From

$1,350.00

Get this report

From

$1,350.00

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

FAQs

Contact us

Report summary

On 1 March 2013 the Danish Ministry of Taxation announced a proposal to overhaul the fiscal terms of older licences. We estimate the proposed changes would result in a net reduction in remaining IOC value of US$1.47 billion (DKr8.69 billion). The main proposal is to reduce the rate of hydrocarbon tax from 70% to 52% but also to reduce the hydrocarbon tax allowances from 250% of capex to 30%. This would result in drastically increased hydrocarbon tax bills for those fields affected.

What's included

This report contains

  • Document

    Denmark's proposed tax hike hits IOC value

    PDF 513.82 KB

Table of contents

Tables and charts

This report includes 7 images and tables including:

Images

  • Fields affected by the proposed changes
  • Hejre cash flow on the current terms
  • Hejre cash flow on the proposed terms
  • South Arne cash flow on the current terms
  • South Arne cash flow on the proposed terms

Tables

  • Asset impact of proposed changes (US$m)
  • Corporate impact of proposed changes (US$m)

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898