Upstream Sector Tax Gross Split

In 2017 the contractor of the cooperation contract (KKKS) entered the era of a new collaborative system called gross split. The one-time revision rule is still being refined by the government for tax incentives. Not only waiting for the certainty of regulation, investors are still waiting and see because of the unstable world oil price.

Head of Program and Communication Division of SKK Migas Wisnu Prabawa Taher stated that the world oil price improvement is expected to stimulate upstream oil and gas investment next year. Unexpected oil prices were also rated as one of the reasons for the lack of upstream oil and gas investment in 2017.

"This year, upstream oil and gas investments missed from USD 12 billion is estimated to be USD 10.5 billion to USD 11 billion," he said.

Meanwhile, next year's target of upstream oil and gas investment reaches USD 12 billion. Deputy Regional Oil and Gas Producers Association M. Sunni regretted that the government does not yet have KPI (Key Performance Indicator) that targets the increase of oil and gas reserves.

"As global oil and gas reserves continue to grow, while Indonesia is stagnant even for production continues to decline," he said.

IN INDONESIA
Sektor Hulu Pajak Gross Split

Tahun 2017 kontraktor kontrak kerja sama (KKKS) memasuki era sistem kerja sama baru bernama gross split. Aturan yang telah mengalami revisi satu kali tersebut masih disempurnakan pemerintah untuk insentif perpajakan. Tidak hanya menunggu kepastian regulasi, investor juga masih wait and see karena belum stabilnya harga minyak dunia.

Kepala Divisi Program dan Komunikasi SKK Migas Wisnu Prabawa Taher menyatakan, membaiknya harga minyak dunia diharapkan bisa menggairahkan investasi hulu migas pada tahun depan. Harga minyak yang belum sesuai harapan pun dinilai sebagai salah satu penyebab sedikitnya investasi hulu migas pada 2017. 

”Pada tahun ini memang investasi hulu migas meleset dari USD 12 miliar diperkirakan menjadi USD 10,5 miliar hingga USD 11 miliar” ujarnya.

Sedangkan pada tahun depan target investasi hulu migas mencapai USD 12 miliar. Deputi Asosiasi Penghasil Migas Daerah M. Sunni menyayangkan pemerintah belum memiliki KPI (Key Performance Indikator) yang menargetkan kenaikan cadangan migas. 

"Sebab, cadangan migas global terus bertambah. Sedangkan Indonesia stagnan bahkan untuk produksi terus menurun," katanya.

Jawa Pos, Page-5, Wednesday, Dec 27, 2017