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Summary“Germany Upstream Fiscal and Regulatory Report - Banning Unconventional Exploration and Exploitation”, presents the essential information relating to the terms which govern investment into Germany's upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state's take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Germany's upstream oil and gas investment climate.Scope- Overview of current fiscal terms governing upstream oil and gas operations in Germany- Assessment of the current fiscal regime's state take and attractiveness to investors- Charts illustrating the regime structure, and legal and institutional frameworks- Detail on legal framework and governing bodies administering the industry- Levels of upfront payments and taxation applicable to oil and gas production- Information on application of fiscal and regulatory terms to specific licenses- Outlook on future of fiscal and regulatory terms in GermanyReasons to buy- Understand the complex regulations and contractual requirements applicable to Germany's upstream oil and gas sector- Evaluate factors determining profit levels in the industry- Identify potential regulatory issues facing investors in the country's upstream sector- Utilize considered insight on future trends to inform decision-making
1 Table of Contents1 Table of Contents 11.1. List of Tables 21.2. List of Figures 32. Regime Overview 43. State Take Assessment 64. Key Fiscal Terms 84.1. Royalties 84.1.1. Baden-Württemberg 84.1.2. Bavaria 84.1.3. Brandenburg 94.1.4. Bremen 94.1.5. Hamburg 94.1.6. Lower Saxony 94.1.7. Mecklenburg-Vorpommern 104.1.8. North Rhine-Westphalia 104.1.9. Rhineland Palatinate 114.1.10. Saarland 114.1.11. Saxony-Anhalt 114.1.12. Schleswig-Holstein 114.1.13. Thuringia 124.2. Rental Fees 134.3. Direct Taxation 134.3.1. Corporate Income Tax 134.3.2. Solidarity Surcharge 144.3.3. Trade Tax 144.3.4. Deductions and Depreciation 144.3.5. Withholding Tax 164.4. Indirect Taxation 164.4.1. Value Added Tax 164.4.2. EU Emissions Trading Scheme 165. Regulation and Licensing 175.1. Legal Framework 175.1.1. Governing Law 175.1.2. Contract Type 185.1.3. Title to Hydrocarbons 195.2. Institutional Framework 195.2.1. Licensing Authority 205.2.2. Regulatory Agency 205.2.3. National Oil Company 205.3. Licensing Process 215.3.1. Licensing Rounds 215.3.2. Prequalification 215.3.3. Licensing Process 215.4. License Terms 215.4.1. Duration and Relinquishments 215.4.2. Work Obligation 225.4.3. Environmental Regulation 226. Outlook 237. Appendix 257.1. Contact Us 257.2. Disclaimer 251.1 List of TablesTable 1: Germany, Regime Overview 4Table 2: Baden-Wuerttemberg, Germany, Royalty Rates (%), 2006 onwards 8Table 3: Rates Lower Saxony, Germany, Royalty Rates (%) 2004 - 2016 10Table 4: Rhineland Palatinate, Germany, Royalty Rates (%), 2006 - 2018 11Table 5: Rates Schleswig-Holstein, Germany, Royalty Rates (%) 2004 - 2018 (afterwards consecutively if not changed). 12Table 6: Germany, Corporate Income Tax Rate (%), 2000 onwards 14Table 7: Germany, Tangible Asset depreciation 2016 15Table 8: Germany, State Level Mining Legislation, 2018 18Table 9: Germany, State Level Mining Authorities 201.2 List of FiguresFigure 1: Regime Flow Chart 5Figure 2: Germany, Indicative NPV10/boe, IRR and State Take Comparison, Internal 6Figure 3: Germany, Indicative NPV10/boe, IRR and State Take Comparison, Regional 7Figure 4: Germany, Legal Framework 17Figure 5: Germany, Institutional Framework 19