Tax Facilities for Upstream Oil and Gas Contractors under the Gross-Split Production Sharing Scheme Further Regulated

As stipulated under Regulation of the Government  No. 53 of 2017 on Tax Treatments for Upstream Oil and Gas Business Activity through Gross-Split Production Sharing Contracts (“Regulation 53/2017”),[1] certain contractors which undertake upstream and gas activities based on gross-split production sharing contracts are entitled to obtain and enjoy fiscal facilities which apply during the exploration and exploitation stages right up until the commencement of commercial production activities. These facilities partially break down as follows:[2]