TRAINING OIL & GAS TAXATION: TAX PLANNING & UPDATE ON THE LATEST REGULATION

DESCRIPTION

Determination and calculation of the amount of Income Tax payable by KKKS for Upstream Oil and Gas Business Activities is based on tax provisions that apply to the Upstream Oil Business Activities sector and Natural Gas in Indonesia. On taxable income that has been reduced by income tax as intended in the previous paragraph, Tax is payable on dividends in accordance with the tax provisions applicable to the sector Upstream Oil and Gas Business Activities in Indonesia. management. In the event that the Government requires oil and/or natural gas for the need to fulfill domestic needs, tax payments Income can be in the form of volumes of petroleum and/or natural gas from shares KKKS. Meanwhile, indirect taxes arise from oil and gas operations are PPN and PPnBM, PBB, import duties and PDRI, Regional Taxes (Pajak Daerah), Regional Retribution (Retribusi Daerah), Uplift Tax, Participant Interest Transfer Tax etc. PPN and/or PPnBM are imposed based on PPN Regulation. Meanwhile, import duties and PDRI are levies imposed on KKKS when importing goods used for business activities Upstream Oil and Gas

COURSE OBJECTIVE

• To equip the participants capability to identify, classify, record, and control all the expenditures incurred through the company operations and the understanding of tax implementation in the PSC and all other types of contracts in connection to procurement and services supplied to the PSC.
• The General Tax Laws and regulations into the PSC operations can not escape, since Corporate Income Tax, withholding taxes related have forced PSC must do aware and concern about Indonesian Tax regulations.
• To fully understand about problems arose in the implementation of the General Tax Laws and regulations, the impacts of the amendment of the tax laws, and what may be the consequences for PSCs in this situation.

OUTLINE COURSE

1. Overview of Indonesia’s PSC
2. PSC Taxation
   1. Taxation Principle of Upstream Oil & Gas Industry
   2. Income Tax & Final Tax on Profit
3. Taxation Treatment In PSC Cost Recovery Based Government Regulation No27/2017
   1. Gross Income And Contractor Income Reducers
   2. Recognition And Measurement Of Income
   3. Sharing Calculation
   4. Calculation of Income Tax
   5. Income Tax Outside PSC:

i.     Uplift Tax

ii.     Transfer of Participant Interest Tax

1. Indirect Tax:
   1. PPN or PPNBM
   2. PBB
   3. PDRI
   4. Regional Taxes (Pajak Daerah) & Regional Retribution (Retribusi Daerah)
2. PPN or PPnBM, PBB Facilities and Tax Treatment of  Charging Fees Operation Shared Facilities And Expenditures Head Office Indirect Cost Allocation Based Government Regulation No: 27/217 and PMK No:122/PMK.03/2019

RECOMMENDED AUDIENCE

• Tax Managers & Tax Specialists
• Corporate Finance & Accounting Heads
• Petroleum Economists & Financial Planners
• Legal & Compliance Officers
• External Tax Consultants & Auditors