Country Report
Malta 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
Malta’s production sharing contract is relatively simple. There is no royalty payable and cost recovery is negotiable up to a maximum rate. Profit splits are negotiable based on a dual sliding-scale linked to project profitability and production rates. Contractors are liable for corporate income tax. We consider the Malta regime to be stable as there have been few fiscal changes and open acreage is awarded through direct negotiation.
Table of contents
- Basis
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Licence terms
- Relinquishment
- Government equity participation
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Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Royalty
- Indirect taxes
- PSC cost recovery
- Basis
- Deductions
- PSC profit sharing
- 6 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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Licence TypeTimeline detailSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - shelf, oil and gasEffective royalty rate - deepwater, oil and gasMaximum government - shelf, oil and gasMaximum government - deepwater, oil and gasState share versus pre-share IRR - oilState share versus pre-share IRR - gas
- 10 more item(s)...
What's included
This report contains:
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