Profitability (Internal rate of return – post normal hydrocarbon income tax)

Company income tax:
27% of Taxable Income
Deductibles:
– Costs
– Investments (30% depreciation/year)
18% Tax on Company Income from other activities

SPECIAL TAX:
Rate-of-Return based (ROR)
– Higher return, higher special tax
Calculation basis: Cash flow
Special Tax Rates:
– ROR < 20% 0% Special Tax
– ROR < 25% 10% Special Tax
– ROR < 30% 25% Special Tax
– ROR > 30% 40% Special Tax

Deductibles:
– Costs and investments
– Company Income Tax
– Not interest

Ring-fence (field basis)