Country Report
Nicaragua 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
The fiscal system in Nicaragua is a straightforward concession system. The Ministry of Energy and Mines (MEM) imposes a domestic market obligation on contractors in order to satisfy the internal market supply of the country. The primary taxes due are an R-Factor based royalty and a flat corporate income tax. There have been no formal bid rounds since 2002 and the government has expressed openness to direct negotiation.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Corporate income tax
- 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 the following images and tables:
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Split of the barrel - oilSplit of the barrel - gasShare of profit - oil
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Share of profit - gasEffective royalty rate and minimum state shareMaximum government share – oil and gasState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gasInvestor IRR versus Pre-Share IRR - oilInvestor IRR versus Pre-Share IRR - gasBonuses, rentals and feesIndirect taxes
- 3 more item(s)...
What's included
This report contains:
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