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

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
    • Duration
    • Relinquishment
  • Government equity participation
    • 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:

  • Timeline
  • Timeline detail
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • 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
  • 13 more item(s)...

What's included

This report contains:

  • Document

    Ukraine upstream fiscal summary

    PDF 971.40 KB