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Administration of Oil & Gas LBT, PMK-26/PMK.03/2015 (Amendment of PMK-63/PMK.03/2013)

Administration of Oil & Gas LBT, PMK-26/PMK.03/2015 (Amendment of PMK-63/PMK.03/2013) OVERVIEW Procedure and administration in fulfilling LBT obligation for Upstream Petroleum Industry has been regulated in PMK-63/PMK.03/2013. The regulation defines object of the Oil & Gas LBT, pointing PSC companies as the tax payers, LBT settlement, obligations to file LBT Returns (SPOP) along with the integrated exhibits (LSPOP). PMK-63 is still in force for 2015 LBT obligation but some of the terms are revised and some new provisions are added. In 10th February 2015, Ministry of Finance (MoF) commenced a new regulation, PMK-26/PMK.03/2015, provides some amendment to PMK-63. THE CHANGES… [Read Mores]

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Importation Facilities for Producing PSC

Importation Facilities for Producing PSC Upstream industry is becoming more important and strategic in Indonesia due to rapid growth of consumption domestically. Indonesia upstream environment has slow development in term… [Read More]
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Cost Recovery vs Tax Deductible Expense

Cost Recovery vs Tax Deductible Expense PSC is a cooperation contract between Government of Indonesia (SKK Migas) and the PSC Contractors. Cooperation contract is sits on private law area which… [Read More]
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GR 79/2010 in Summary

GR 79/2010 in Summary Basic regulation in PSC operations isn’t much change. This new PP is now collaborating and accomodating  PSC operation purpose and tax purpose. From many years ago,… [Read More]