Country report

Tajikistan upstream fiscal summary

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Report summary

There is currently only one PSC in Tajikistan, which was signed by Tethys in June 2008.As the Government is keen to attract foreign investment in the oil and gas sector, it is likely that all future contracts will be PSCs, with terms favourable to the foreign investors. Aside from the PSC, taxation in Tajikistan is based on the rules and regulations under the Tax Codeenacted on 1 January 2007, with latest amendments introduced in 2009.Historically, alicence was issued and the...

What's included

This report contains

  • Document

    Tajikistan upstream fiscal summary

    PDF 317.83 KB

Table of contents

  • Executive summary
    • Basis
    • Licence terms
    • Government equity participation
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • 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
    • Investor IRR versus pre-share IRR - oil

Tables and charts

This report includes 15 images and tables including:

Images

  • Revenue flowchart: Tajikistan PSC
  • Timeline
  • Split of the barrel - oil
  • Economic analysis: Image 2
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • State share versus pre-share IRR - oil
  • State share versus pre-share IRR - gas
  • Economic analysis: Image 7
  • Investor IRR versus pre-share IRR - gas

Tables

  • Timeline details
  • Effective royalty rate - onshore , oil and gas
  • Maximum government share – onshore, oil and gas
  • Indirect taxes
  • Assumed terms by location - oil

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