Country report

Italy upstream fiscal summary

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Report summary

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...

What's included

This report contains

  • Document

    Italy upstream fiscal summary

    PDF 415.37 KB

Table of contents

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

Tables and charts

This report includes 26 images and tables including:


  • Revenue flowchart: Italy Concession
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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


  • Timeline details
  • Effective royalty rate - onshore, Oil and gas
  • Effective royalty rate - shelf/deepwater, Oil
  • Effective royalty rate - shelf/deepwater, Gas
  • Maximum government share - onshore. Oil and gas
  • Maximum government share - shelf/deepwater, Oil
  • Maximum government share - shelf/deepwater, Gas
  • Bonuses and Fees
  • Area Rentals
  • Royalty Rate: Onshore Gas
  • Royalty Rate: Onshore Oil
  • Royalty Rate: Offshore Gas
  • Royalty Rate: Offshore Oil
  • Indirect taxes
  • Income tax
  • Italy Concession Terms

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