Country Report
France upstream fiscal summary
Report summary
Simple concession fiscal regime, with royalty, corporate income tax and local taxes. Royalty rates and local taxes vary with production rates and the vintage of the field development. Offshore fields are exempt from royalty and local taxes. Royalties and corporate income tax are ring fenced at the licence and company level respectively. There are no formal licensing rounds and contractors make individual applications for licensing blocks. There is no government equity participation.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Additional petroleum taxes
- 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 20 images and tables including:
- 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
- Effective royalty rate - onshore, Gas
- Effective royalty rate - oil and gas
- Maximum government share - Onshore, Oil
- Maximum government share - Onshore, 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
- Royalty rates
- Assumed terms by location - oil and gas
What's included
This report contains:
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