秘鲁亏损弥补和篱笆圈规定对油气投资项目纳税及经济效益影响分析OACHSSCDCSTPCD

The fiscal terms for making up the deficit and ring-fence in resource-countries will affect the taxation and economic performance of oil and gas investment projects.In Peru's national fiscal and taxation system,it's unique that there are two methods for making up the deficit.In addition,there is no ring-fence between oil and gas blocks held by one company.Combining the two fiscal regulations,oil companies in Peru can implement tax planning to reduce taxes and improve project investment benefits.Through scenario assumptions and model calculation,it is proven that selecting an appropriate making up the deficit method for a certain oil and gas block under different pre-tax profit scenarios can reduce tax payment and improve economic efficiency.When oil companies acquire two or more blocks in Peru,they can make full use of the preferential policies of combined taxation between blocks to improve overall investment benefits by planning the acquisition sequence and the date of operation start-up of the blocks in advance.When evaluating the investment portfolio of Peru's oil and gas projects,it is important to pay attention to the choice of loss recovery methods and the impact of consolidated tax payments between blocks.