Published : Jul-2020
No. of Pages : 23
1.1. List of Tables
1.2. List of Figures
2. Regime Overview
2.1. Regime Overview ? Royalty and Tax Agreement
2.2. Timeline
3. State Take Assessment
4. Key Fiscal Terms
4.1. Royalties, Bonuses and Fees
4.1.1. Surface Fees
4.1.2. Royalty
4.2. Direct Taxation
4.2.1. Corporate Income Tax (IRES)
4.2.2. Deductions and Depreciation
4.2.3. Additional Income Tax 2008 - 2015 (Abrogated)
4.2.4. Regional Tax (IRAP)
4.2.5. Withholding Tax
4.3. Indirect Taxation
4.3.1. Value Added Tax
4.3.2. Customs Duties
5. Regulation and Licensing
5.1. Legal Framework
5.1.1. Governing Law
5.1.2. Contract Type
5.1.3. Title to Hydrocarbons
5.2. Institutional Framework
5.2.1. Ministry of Economic Development
5.2.2. Licensing Authority
5.2.3. Regulatory Agency
5.2.4. National Oil Company
5.3. Licensing Process
5.3.1. License Applications
5.3.2. Duration
5.3.3. Licensing Restrictions
5.3.4. Work Obligation
6. Appendix
6.1. References
6.2. Contact Us
6.3. Disclaimer
List of Tables
Table 1: Regime Overview
Table 2: Italy, Key Events Since Year 2000
Table 3: Italy, Surface Fees, 1997 Onwards
Table 4: Italy, Onshore Royalties (%), 1997 Onwards
Table 5: Italy, Offshore Royalties (%), 1997 Onwards
Table 6: Italy, Oil Royalty Exemption Thresholds, 1997 Onwards
Table 7: Italy, Gas Royalty Exemption Thresholds, 1997 Onwards
Table 8: Italy, Sicily Onshore Royalty Rates, 1997 Onwards
Table 9: Italy, Corporate Income Tax Rates (IRES), 1981 Onwards
Table 10: Italy, Tangible Asset Depreciation Rates (%), Fossil Fuels Sector, 1996 - Present
Table 11: Italy, Additional Corporate Tax Rates, 2008 - 2015
Table 12: Italy, National IRAP Tax Base Rate, 1997 - 2020
Table 13: Italy, Regional IRAP Rate (%), 2019 Onwards
Table 14: References
List of Figures
Figure 1: Regime Flow Chart
Figure 2: Italy, Indicative NPV10/boe, IRR and State Take Comparison, and Price and Cost Sensitivity Analysis
Figure 3: Italy, Legal Framework
Figure 4: Italy, Institutional Framework
