| Issue Number : 3284

Tax Treatment for Gross-Split Production Sharing Contracts Finally Regulated

After almost a year after it was originally enforced, the government has finally set an applicable tax treatment for Gross-Split Production Sharing Contracts (“GS-PSC”)[1] through the issuance of Government Regulation No. 53 of 2017 on Tax Treatment for Upstream Oil-and-Gas Business Activity through Gross-Split Production Sharing Contracts (“Regulation 2017”).
 
Regulation 2017 aims to clarify the types and calculation formula for payable income tax, as well as the applicable income-tax tariff and incentive for oil-and-gas contractors (“Contractors”) operating under the GS-PSC scheme.
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After almost a year after it was originally enforced, the government has finally set an applicable tax treatment for Gross-Split Production Sharing Contracts (“GS-PSC”)[1] through the issuance of Government Regulation No. 53 of 2017 on Tax Treatment for Upstream Oil-and-Gas Business Activity through Gross-Split Production Sharing Contracts (“Regulation 2017”).
 
Regulation 2017 aims to clarify the types and calculation formula for payable income tax, as well as the applicable income-tax tariff and incentive for oil-and-gas contractors (“Contractors”) operating under the GS-PSC scheme.
......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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