HomeServicesGovernance and Tax ComplianceDomestic 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
Share this

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 With this provision, the definition of PI in article 1 paragraph (14) PP Number 27 of 2017 is repealed and declared invalid.

Download the full Tax Update
Income Tax Treatment for Transfer of Interest Participation in Upstream Oil and Gas Business Activities
More Tax Updates
Download the full pdf
  • Tax Compliance Alert PER 18/PJ/2025: Follow-Up on Concrete Data - The Directorate General of Taxes (DGT) has introduced PER-18/PJ/2025, regulating the mechanism for following up on "concrete data" to enhance taxpayer compliance. This newsletter details what concrete data is, the follow-up actions (Supervision and/or Audit), and the critical implications for taxpayers, urging improved compliance, especially with the integration of the core tax system.
Download the full pdf
  • Transformation of VAT Administration through e-Invoicing in PER-11/PJ/2025 and Coretax - Regulation No. PER-11/PJ/2025, effective 22 May 2025, introduces key updates to Indonesia’s VAT administration through the e-Invoice system. It extends upload deadlines, revises tax invoice serial codes, and updates VAT transaction classifications. Taxpayers who adapt to these changes can enhance compliance, reduce risks, and support the modernization of the national tax system.
Download the full pdf
Let's connect