2018 Global Oil and Gas Tax Guide

This guide summarizes the oil and gas corporate tax regimes in 86 countries. Use either the map below or the menu at right to see the guide’s information for a country.

This guide summarizes the oil and gas corporate tax regimes in 86 countries. Use the menu below to see the guide’s information for a country.

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“The commodity price recovery is stimulating greater activity in the oil and gas sector and there is fierce competition for capital investment amongst countries with hydrocarbon resources. The fiscal terms offered by the competing regimes will play a significant part in attracting and retaining investment. EY’s oil and gas tax guide provides a valuable resource in setting out the relevant fiscal regimes for oil and gas exploitation and is underpinned by EY’s fiscal policy advisory and modelling capabilities.”
– Derek Leith, Global Oil & Gas Tax Leader

Although the sector has not yet fully stabilized, oil and gas companies are coming to grips with a new business paradigm characterized by transformation and single-digit growth in production. Oil producing countries are adjusting their tax regimes to attract investment and develop assets. Our 2018 Global Oil and Gas Tax Guide summarizes the oil and gas corporate tax regimes in 86 countries and includes a directory of our global oil and gas tax and law contacts.

Investment capital drives tax regime change

The stabilization of the oil price, and rise in confidence within the industry, has seen increased access to capital, with investors looking to make early gains in a refreshed oil and gas market. Though more capital is available, new projects are often capital intensive, meaning the competition for investment is fierce. Forward-thinking governments are readdressing their fiscal regimes to attract further investment and continue their transformation journeys.

Transformation of the industry continues

Tax structures and business models continue to develop and change, as investment in digital technology not only drives efficiency, but brings new opportunities for existing and new entrants into the market. This along with the lack of clarity on the future of energy sees governments adjusting the broader energy tax structures to allow companies to invest in wider portfolios of assets.

About EY Global Oil & Gas Sector

Our global network of more than 10,000 oil and gas professionals have extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oilfield service sub-sectors. For more information, please visit ey.com/oilandgas.

Tax information

The content is based on information current on 1 January 2018, unless otherwise indicated in the text of the chapter. This publication should not be regarded as offering a complete explanation of the tax matters referred to and is subject to changes in the law and other applicable rules. Local publications of a more detailed nature are frequently available, and readers are advised to consult their local EY professionals for more information.