Country Report

Netherlands upstream fiscal summary

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13 July 2018

Netherlands upstream fiscal summary

Report summary

The Netherlands is a mature oil and gas producing country and licences operate under a concession regime. The regime includes an onshore royalty, corporate income tax and a state profit share. The onshore royalty is calculated for oil and gas in each licence. Rates apply to individual production tiers and increase without state participation. There is a mutual interaction between corporate income tax and state profit share tax. The country pursues an 'Open Door' licensing policy with no dedicated licensing rounds. The state also typically holds a direct interest via EBN.

Table of contents

  • Basis
    • Exploration licence
    • Production licence
    • Duration and relinquishment
  • Government equity participation
    • Ring fencing
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • Corporate income tax
    • Exploration costs
    • Depreciation
    • State profit share deduction
    • Losses
    • Payment schedule
    • State profit share
    • Capital uplift
    • Marginal fields incentive
    • 2018 proposed incentive
    • Corporate income tax credit
    • Losses
    • Payment schedule
    • Interaction between state profit share and corporate income tax
    • Fiscal treatment of decommissioning
    • Product pricing
    • Summary of modelled terms
  • 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 19 images and tables including:

  • Timeline
  • Timeline detail
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate - onshore and shelf, oil and gas
  • Maximum government share - onshore, oil and gas
  • Maximum government share - shelf, oil and 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
  • Bonuses, rentals and fees
  • Area rentals
  • Indirect taxes
  • Royalty rates
  • Netherlands Concession

What's included

This report contains:

  • Document

    Netherlands upstream fiscal summary

    PDF 927.76 KB

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