Contractor Oil Purchases Hampered by Tax
The efforts of PT Pertamina (Persero) to buy crude oil as part of the contract of the cooperation contract are still constrained by the existence of income tax on profit after tax or branch profit tax.
Director-General of Oil and Gas, Ministry of Energy and Mineral Resources Djoko Siswanto said, contractors who sell crude oil to Pertamina are subject to 44% tax. If the oil portion of the contractor is sold abroad, the tax levy is relatively smaller.
Blogger Agus Purnomo in SKK Migas
According to him, the problem was known during a discussion involving contractors in SKK Migas. At present, the sale of crude oil to domestic buyers has been exempted from Article 22 of Income Tax (PPh 22). However, the model of oil sales abroad that uses the Indonesian price scheme Crude price / ICP plus becomes a problem in the country.
"The time to sell crude oil in Singapore is subject to a tax of about a dozen percent, well if the country is taxed at 44%. Too big right? If large, it will be burdensome for paying taxes, "he said.
In the Income Tax Act, Article 26 states that income tax is imposed on income received by foreign and Indonesian taxpayers other than permanent establishment (BUT) in Indonesia. Levies are taken on tax profits obtained by a permanent business entity subject to additional income tax on profit after tax obtained by BUT at 20% or according to the applicable tariff in the tax agreement.
According to him, the contractor oil portion that Pertamina bought was not taxed. The reason is, when the contract of cooperation contracts sells oil through a subsidiary that becomes its affiliate (trading arm), the contractor is not subject to Article 26 income tax.
If this policy is not changed and the KKKS will still be taxed, Djoko suggests that the PPh levy should be included in the selling price of the oil. Furthermore, Pertamina will pay the tax to the government.
If this policy is not changed and the KKKS will still be taxed, Djoko suggests that the PPh levy should be included in the selling price of the oil. Furthermore, Pertamina will pay the tax to the government.
Djoko explained, when the Directorate General of Taxes did not get income from transactions through the trading arm, there should be no questionable levy on sales to Pertamina. So far three oil and gas contractors have agreed on the selling price of crude oil with Pertamina. The three contractors include PT Energi Mega Persada and Premier Oil.
Bisnis Indonesia, Page-24, Monday, Oct 1, 2018
I simply wanted to thank you a lot more for your amazing website you have developed here. It can be full of useful tips for those who are actually interested in this specific subject, primarily this very post. Air Conditioning Repair
ReplyDeleteThis is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. properties for rent in Malta
ReplyDeleteExtraordinary review, I am a major adherent to remarking on online journals to advise the blog scholars realize that they've added something advantageous to the internet!. บ้านมือสองนนทบุรี
ReplyDeletethank you all for all the bosses. Have a nice business.
ReplyDeleteThe article you have shared here great. I truly like and valued your work. I read profoundly your article, the focuses you have referenced in this article are helpful Lockout Jacksonville
ReplyDeleteThe CSOne is web-based maintenance management software designed for maintenance and repair service providers. It is specifically designed to fulfill the requirements for these services and successfully improved productivity of thousands of users around the world Superior Home Inspections is located at 261 Kings Creek Dr Apt 304 in Fayetteville, NC 28311
ReplyDeleteThis includes SEO local tools providers such as small digital agencies, SEO free lancers and web-designers among others. Niche Blog comment
ReplyDeleteYou completed certain reliable points there. I did a search on the subject and found nearly all persons will agree with your blog. Parc Esta
ReplyDeleteAmerica Gun Ban Home, Syndicated by Countrymen Your News Source Worldwide. Taking the stink out of Gun Control and being a Patriot. consejos para el hogar
ReplyDeleteThank you again for all the knowledge you distribute,Good post. I was very interested in the article, it's quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job, I greatly appreciate that.Do Keep sharing! Regards, The Avenir
ReplyDeleteI respect this article for the very much investigated substance and magnificent wording. I got so included in this material that I couldn't quit perusing. I am awed with your work and aptitude. Much obliged to you to such an extent. Parc Clematis condo
ReplyDeleteYou have done a great job. I will definitely dig it and personally recommend to my friends. I am confident they will be benefited from this site Pasir Ris Central Residences showflat location
ReplyDeletethank you all for all the bosses. Have a nice business.
ReplyDeleteThis is really a tolerable and valuable, containing all information moreover significantly influences the new advancement. An obligation of appreciation is all together for sharing it Bigg Boss 14
ReplyDeletewow, amazing site. thanks you...
ReplyDeletehttps://shehrozpc.com/easeus-mobisaver-pro-crack-key/
i love this site. its amazing
ReplyDeletehttps://letcracks.com/pinnacle-studio-ultimate-cracked/
i really enjoy this best article. its amazing
ReplyDeletehttps://cracksmad.com/reason-crack/
im fully satisfied with this best article... its really amazing
ReplyDeletehttps://chserialkey.com/lumion-pro-full-crack/
https://zsactivationkey.com/format-factory-crack/
ReplyDeleteA fascinating discourse is value remark. I feel that it is ideal to compose more on this issue, it may not be a forbidden theme anyway ordinarily people are insufficient to chat on such points. To the following. Good health. uc browser download for windows 10 64 bit
ReplyDeleteVery efficiently written information. It will be beneficial to anybody who utilizes it, including me. Keep up the good work. For sure i will check out more posts. This site seems to get a good amount of visitors. https://meerasimulation.com/
ReplyDeleteNice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration, both of which I need, thanks to offer such a helpful information here.
ReplyDeleteuc browser download pc
Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration, both of which I need, thanks to offer such a helpful information here.
ReplyDeleteGambling Site
Excellent Blog! I would like to thank for the efforts you have made in writing this post. I am hoping the same best work from you in the future as well. I wanted to thank you for this websites! Thanks for sharing. Great websites!
ReplyDeleteAsphalt paving driveway black top
Amazing knowledge and I like to share this kind of information with my friends and hope they like it they why I do
ReplyDelete"cartoon
"
The writer is enthusiastic about purchasing wooden furniture on the web and his exploration about best wooden furniture has brought about the arrangement of this article.
ReplyDelete"Situs judi online
"
Always so interesting to visit your site.What a great info, thank you for sharing. this will help me so much in my learning
ReplyDelete"trafik cezası
"
Nice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post.
ReplyDelete"DN Poker Online
"
Great Article it its really informative and innovative keep us posted with new updates. its was really valuable. thanks a lot.
ReplyDelete"Agen judi casino online
"
People appreciate shopping for astounding, engaging, captivating and every once in a while alluring fragrances for them selves and relating to other people. This can be executed helpfully alongside modestly in an on-line aroma shop. Préstamos particulares
ReplyDeleteJust pure brilliance from you here. I have never expected something less than this from you and you have not disappointed me at all. I suppose you will keep the quality work going on.
ReplyDelete"slot depo via ovo
"
howdy, your websites are really good. I appreciate your work. buy instagram likes reddit 2019
ReplyDeleteNice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post.
ReplyDelete"SEO Agency Indonesia
"
After the previous season of Colors Bigg Boss, the show is back
ReplyDeletewith a new season. Bigg Boss Season 14 Auditions 2020
Bigg Boss 14
Barrister Babu is a indians top rated drama broadcast on
ReplyDeletevoot colors tv,at a time on aired at best website baristerbabu.com.
Barrister Babu Full Episodes
Barrister Babu Full Episodes
9 Animes TV
ReplyDelete9Anime Watch Anime Online in high quality with English SUB,
watch Online 9 anime videos and Download High ...
Shadowverse (TV) Episode English SUB
The web site is lovingly serviced and saved as much as date. So it should be, thanks for sharing this with us.
ReplyDelete"Content Marketing
"
Nice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post.
ReplyDelete"beli followers
"
Nice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post.
ReplyDelete"seyahat rehberi
"
I am looking for and I love to post a comment that "The content of your post is awesome" Great work!
ReplyDeleteCareer
watch Bigg Boss 14 live online free HD
ReplyDeletehttp://biggboss14hd.net/
Bigg Boss Season 14 Online
https://tamildhoolhd.com/
Thanks for the blog loaded with so many information. Stopping by your blog helped me to get what I was looking for.
ReplyDeleteบาคาร่า
After i obtained on your blog although placing interest merely slightly little bit submits. Enjoyable technique for long term, I'll be book-marking at any given time obtain types complete comes upward. stucco jacksonville fl
ReplyDeleteNon-adaptation to Generally Accepted Accounting Standards(GAAS) or resistance to reviewing rehearses or moral codes of any calling they are expected to gauge the misfortune because of such expert carelessness or lack in administrations. Accountant
ReplyDeleteGreat job for publishing such a beneficial web site. Your web log isn’t only useful but it is additionally really creative too. https://evano.com
ReplyDeletePositive site, where did u come up with the information on this posting?I have read a few of the articles on your website now, and I really like your style. Thanks a million and please keep up the effective work. https://evano.com
ReplyDeletePretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info. free zip file opener
ReplyDeleteJean Bazilikası, Yedi Uyurlar, Meryem Ana Evi ve Kervansaray yer alır. tarihi önemi olan yerler. samos feribot
ReplyDeleteThanks, that was a really cool read! 먹튀검증
ReplyDeleteThis is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here keep up the good work 먹튀
ReplyDelete