Country report

Ukraine upstream fiscal summary

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Report summary

Virtually all upstream projects in Ukraine operate under the concession regime. Production Sharing Contracts (PSCs) were introduced to attract foreign investment primarily in offshore licences. Only a couple of PSCs still exist and none of them contains any producing fields. In 2013, a subsoil use tax replaced royalty. Its current rates range between 14% and 29% for liquids and between 6% and 12% for gas. Corporate income tax has been unchanged at 18% since 2014. Currently, Ukraine pursues an open door policy for licence awards but the government is considering regular licensing rounds.

What's included

This report contains

  • Document

    Ukraine upstream fiscal summary

    PDF 367.40 KB

Table of contents

Tables and charts

This report includes 25 images and tables including:

Images

  • Revenue flowchart: Ukraine Concession
  • 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
  • Investor IRR versus pre-share IRR - oil
  • Investor IRR versus pre-share IRR - gas
  • Subsoil use tax

Tables

  • Timeline detail
  • Effective royalty rate - onshore, oil
  • Effective royalty rate - shelf/deepwater, oil
  • Effective royalty rate - onshore, gas
  • Effective royalty rate - shelf/deepwater, gas
  • Maximum government share – onshore, oil
  • Maximum government share – shelf/deepwater, oil
  • Bonuses, rentals and fees
  • Indirect taxes
  • Subsoil use tax
  • Assumed terms by location - oil
  • Assumed terms by location - gas
  • Economic analysis: Table 7
  • Economic analysis: Table 8

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