Country Report
Israel 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
Upstream licenses are awarded as concession agreements. There is no national oil or gas company or mandated government share. The main fiscal terms are royalties, windfall profits levy and income tax, all of which are governed by law. The fiscal term structure remained stable until the discovery in 2009 and 2010 of the Tamar and Leviathan fields, at which time the windfall profits levy was introduced.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
- Windfall (Sheshinski) profit levy
- 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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TimelineTimeline detailsSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate and minimum state share - OilEffective royalty rate and minimum state share - GasMaximum government share – oilMaximum government share – gasState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gas
- 8 more item(s)...
What's included
This report contains:
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