Investment in oil and gas research reaches 1 billion US dollars until June 2018

On the plan contract gross split for example, there are at least seven related tax incentives. Four of them are in the exploration phase, namely imports and imports of oil and gas, VAT and PPnBM are not collected on the acquisition and use oil and gas operations. ] The following three incentives are the use of shared badets of oil and gas not subject to VAT, loss carried forward where operating expenses as "taxable income" deductions are extended from 5 years to 10 years. , the indirect costs of the head office are not subject to VAT. "The most important is indirect tax now up to the first oil (if started), if only until the stage of exploration, when the exploitation subject to PP 53 taxes of 2017 is in line with the proposal of entrepreneurs who seek tax relief from the exploration phase to the farm, "said Agung.

For the regime [1 9459003] has was governed by Government Regulation No. 53 of 2017 on the Tax Treatment of Upstream Oil and Gas Activities with Production Sharing Contracts for Gross Splitting

He went on to make the oil investment and attractive gas, until 186 MRE sector licenses have been reduced by 2018. Including 56 oil and gas fields, and improvements have been made to at least three oil-related regulations. and upstream gas. "We are also accommodating to the interests of investors, as long as it is rational, enforceable and even more profitable for the state. Some rules have been improved to attract investment, such as the tax cost recovery contract related to PP, the DME Departmental Regulation related to the gross division, and issuance of PP Taxation of the gross shared contract The incentive already exists, he explained.