Country Report
Nicaragua upstream fiscal summary
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 15 images and tables including:
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate and minimum state share
- Maximum government share – 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
- Indirect taxes
- Royalty rates
- Oil royalty rate
- Assumed terms by location - oil and gas
What's included
This report contains:
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