Country report

Hungary upstream fiscal summary

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Report summary

Simple Concession based fiscal regime. Royalty rates vary with production rates. In addition to corporate income tax there is an additional profits tax (the Solidarity tax) plus some local business taxes and indirect taxes. There is no state participation. In 2010 the corporate income tax rate was increased from 16% to 19%. However the 4% solidarity surtax was abolished. Also from 2010 financial enterprises are entitled to carry forward their tax losses. Split of...

What's included

This report contains

  • Document

    Hungary upstream fiscal summary

    PDF 342.26 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 16 images and tables including:

Images

  • Revenue flowchart: Hungary Concession
  • Timeline
  • Split of the barrel - oil
  • Economic analysis: Image 2
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • State share versus pre-share IRR - oil
  • State share versus pre-share IRR - gas
  • Economic analysis: Image 7
  • Investor IRR versus pre-share IRR - gas

Tables

  • Timeline details
  • Effective royalty rate - onshore , oil and gas
  • Maximum government share – onshore, oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Assumed terms by location

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