| Issue Number : 25

Duty and Tax Exemptions for Production Sharing Contracts and Contractors

 

The Minister of Finance has recently issued Regulation No. 20/PMK.010/2005 on Exemptions From Duty and Tax Not Collected on Imported Goods Based on Oil and Gas Production Sharing Contracts (the “Regulation”) which applies only to production sharing contracts that were signed prior to the enactment of Law No. 22 of 2001 on Oil and Gas (the “Oil & Gas Law”). These production sharing contracts remain valid until the date of their expiry pursuant to the Oil & Gas Law.

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The Minister of Finance has recently issued Regulation No. 20/PMK.010/2005 on Exemptions From Duty and Tax Not Collected on Imported Goods Based on Oil and Gas Production Sharing Contracts (the “Regulation”) which applies only to production sharing contracts that were signed prior to the enactment of Law No. 22 of 2001 on Oil and Gas (the “Oil & Gas Law”). These production sharing contracts remain valid until the date of their expiry pursuant to the Oil & Gas Law.

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

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professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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