HomeDomestic TaxIncome Tax Treatment for Transfer of Interest Participation in Upstream Oil and Gas Business Activities

Income Tax Treatment for Transfer of Interest Participation in Upstream Oil and Gas Business Activities

Tax Update
Income Tax Treatment for Transfer of Interest Participation in Upstream Oil and Gas Business Activities
December 1, 2022
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Based on the Government Regulation concerning the Treatment of Income Tax on the Transfer of Participating Interest in Upstream Oil and Gas Business Activities as amended several times, most recently by PP Number 93 of 2021, what is meant by Participating Interest are the rights, interests and obligations of contractors based on cooperation contracts in the oil and gas sector. With this provision, the definition of PI in article 1 paragraph (14) PP Number 27 of 2017 is repealed and declared invalid.

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Income Tax Treatment for Transfer of Interest Participation in Upstream Oil and Gas Business Activities
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