Country Report
Togo upstream fiscal summary
Report summary
Upstream licences in Togo are awarded under production sharing contract terms (PSCs) on an ad hoc basis. The state is entitled to a maximum 20% stake in commercial developments, comprising a 10% carried interest through exploration and an additional 10% interest at the development stage. The main negotiable terms are cost recovery and profit sharing. Royalty is levied at flat rates. Corporate income tax is paid by the government. Bonuses and minor rentals and fees are included in all contracts.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- 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
Tables and charts
This report includes 25 images and tables including:
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - 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
- Assumed Terms: Contractor Profit Share - Oil
- Assumed Terms: Contractor Profit Share - Gas
- Effective contractor profit share - oil
- Effective contractor profit share - gas
- Assumed terms: Oil
- Assumed terms: Gas
What's included
This report contains:
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