Country Report
Taiwan upstream fiscal summary
Report summary
The fiscal regime in Taiwan is governed by simple concession terms. Royalty is paid on gross revenue at a rate of 2 to 50%, though 10% is the most common rate. Corporate income tax is applied to profits at a rate of 20%. There is no carried state participation in the development projects, however CPC has a share of 25-50% in the projects and funds exploration on an equity basis. All produced oil and gas will be retained for domestic use.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Additional petroleum taxes
- Domestic Market Obligation (DMO)
- Corporate income tax
- Product pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 14 images and tables including:
- 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
- Indirect taxes
- Assumed terms by location
What's included
This report contains:
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