Country Report
Serbia upstream fiscal summary
Report summary
Serbia’s upstream licensing is governed by a concession-based fiscal regime. The main elements of the system are a flat royalty and corporate income tax. There are area rentals and indirect taxes. Serbia operates an open door licensing policy whereby private companies can define licence areas which are then awarded via a public tender process with fixed terms. There is no mandatory state participation.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring fencing
- Base
- Rate
- Corporate income tax
- Ring fencing
- Base
- Rate
- 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 17 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, oil
- Effective royalty rate - onshore, gas
- Maximum government share – onshore, oil
- Maximum government share – onshore, 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
- Assumed terms by location - oil and gas
What's included
This report contains:
Other reports you may be interested in
Country Report
Sudan upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Somalia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Togo upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
