Relatively simple Concession fiscal regime, with royalty and corporate income tax payable, together with regional income taxes for onshore operations. Various licence terms and fiscal rates vary between regions in Italy, and in the different offshore sectors. Royalty rates vary with location (onshore and offshore) and with oil and gas production rates, and are also slightly different onshore Sicily. The fiscal terms in Italy have been changed recently: CIT is being increased from 34% to...
Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.
This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.
Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.
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Country report | Jun 2016
Italy upstream fiscal summary
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