Country Report
Ukraine upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Ukraine’s concession regime forms the basis of our analysis. However, the government does offer Production Sharing Contracts (PSCs) to investors. A subsoil use tax (SUT) and corporate income tax form the main elements of the Ukraine concession system. The SUT behaves like a standard royalty and varies depending on hydrocarbon type, reservoir depth and shore status. We expect Ukraine to offer regular bid rounds alongside open-door policy for awarding new licences. The state does not have a mandatory equity participation in the concession regime.
Table of contents
- Basis
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Licence terms
- Duration
- Relinquishment
- Government equity participation
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Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty- Subsoil Use Tax (SUT)
- Ring fencing
- Base
- Rate
- Liquids
- Gas
- 9 more item(s)...
- 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 the following images and tables:
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TimelineTimeline detail
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Split of the barrel - oilSplit of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore, oilEffective royalty rate - shelf/deepwater, oilEffective royalty rate - onshore, gasEffective royalty rate - shelf/deepwater, gasMaximum government share – onshore, oil
- 13 more item(s)...
What's included
This report contains:
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