Country Report
Greece upstream fiscal summary
Report summary
Licences in Greece are governed by concession terms. The main elements include a royalty which varies by project profitability and corporate income tax. The signature bonus, production bonus, royalty and depreciation rates are biddable or negotiable parameters. Upstream licences in Greece are awarded through licensing rounds or direct negotiation under concession terms. The is no mandatory state participation.
Table of contents
- Basis
-
Licence terms
- Duration
- Relinquishment
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring fencing
- Base
- Rate
- Corporate income tax
- Ring fencing
- Base
- Rate
- 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 16 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 and minimum state share
- Maximum government share and maximum state share
- 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
- Assume royalty rates - all environments
- Assumed terms by location - oil and gas
What's included
This report contains:
Other reports you may be interested in
Country Report
Somalia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Indonesia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Sudan upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
