Country Report

Mongolia 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

Production Sharing Contract (PSC) fiscal system. Applicable taxes include Bonuses, Royalties, and a negotiable progressive income tax rate. Profit oil sharing is based upon production rates; corporate income tax is payable by the contractor. The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie

Table of contents

  • Basis
  • Licence terms
  • Government equity participation
    • Ring fencing
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • PSC cost recovery
    • PSC profit sharing
    • Corporate income tax
    • Product pricing
    • 1 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:

  • Timeline
  • Timeline details
  • Split of Barrel - oil
  • Split of barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate and minimum state share
  • Maximum government share and maximum state share
  • 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
  • 6 more item(s)...

What's included

This report contains:

  • Document

    Mongolia upstream fiscal summary

    PDF 901.71 KB