Country Report
Malaysia 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
From 2018, all exploration licences are governed by Revenue/Cost index (R/C) production sharing contracts. The R/C index based sliding scales for cost recovery ceilings, sharing of unused cost oil and profit oil are set prior to each licensing round and are non-biddable items. Other non-biddable items include an export duty of 10%, a research contribution of 0.5%, a sliding scale based supplementary payment of 50 to 70% and petroleum income tax of 38%. Enhanced Profitability Terms (EPT) were introduced as part of 2021 licensing round for shallow-water exploration blocks. The fiscal items include fixed cost recovery ceiling of 70%, two R/C thresholds with improved rates and linear interpolation in between. Supplementary payment is not applicable. In 2020, Malaysia introduced revenue-sharing contracts, Small Field Asset (SFA) and Late Life Asset (LLA) PSCs. Both include royalty at 10% and biddable contractor revenue split. Supplementary payment, research cess are not applicable.
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
- PSC production sharing
- 33 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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TimelineSplit of Barrel - oil
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Split of Barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate and minimum state share - onshore, oilEffective royalty rate and minimum state share - onshore, gasEffective royalty rate and minimum state share - shelf, oilEffective royalty rate and minimum state share - shelf, gasEffective royalty rate and minimum state share - deepwater, oilEffective royalty rate and minimum state share - deepwater, gas
- 22 more item(s)...
What's included
This report contains:
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