Name: Indonesia upstream fiscal summary
Brand: Wood Mackenzie
SKU: 26517
Price: 1650 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Country Report 03 February 2025

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Effective 2017, all new upstream licences are awarded under new Gross Split PSC terms. The mechanism involves revenue sharing between the contractor and the government, based on a number of parameters. The parameters include base split, incremental variable split (10 parameters), plus progressive split (linked to oil/gas price and cumulative production). Land and building tax is levied at 0.5% rate; corporate income tax and withholding tax are levied at 37.6% combined rate. A contractor may be obliged to offer a 10% participating contract interest to a regional government owned company, following development approval of the first field in the contract area. From July 2020, Cost Recovery PSC is re-introduced as an option for new licences, but no details are available.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Basis
    </li>

<li class="list__item-toggle font-semibold">
        Licence terms
    </li>

<li class="list__item-toggle font-semibold">
        Government equity participation
    </li>

<li class="list__item-toggle">
        <a href="#bd3096f6-6d15-495f-bcb4-24acb67996c7" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="bd3096f6-6d15-495f-bcb4-24acb67996c7" aria-expanded="false">
            Fiscal terms
        </a>
        <ul id="bd3096f6-6d15-495f-bcb4-24acb67996c7" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Bonuses, rentals and fees
    </li>
    <li class="push-quarter--bottom">
        Indirect taxes
    </li>
    <li class="push-quarter--bottom">
        Land and building tax (LBT)
    </li>
    <li class="push-quarter--bottom">
        Base
    </li>
    <li class="push-quarter--bottom">
        Royalty - First Tranche Petroleum (FTP) (Standard PSC only)
    </li>
    <li class="push-quarter--bottom">
        Base
    </li>
    <li class="push-quarter--bottom">
        PSC cost recovery - Standard only
    </li>
    <li class="push-quarter--bottom">
        Base
    </li>

<li class="list__item-toggle font-semibold">
        Recent history of fiscal changes
    </li>

<li class="list__item-toggle font-semibold">
        Stability provisions
    </li>

<li class="list__item-toggle">
        <a href="#0343a209-146f-4993-8174-ddc1aeeffe23" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="0343a209-146f-4993-8174-ddc1aeeffe23" aria-expanded="false">
            Split of the barrel and share of profit
        </a>
        <ul id="0343a209-146f-4993-8174-ddc1aeeffe23" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Gross Split PSC
    </li>
    <li class="push-quarter--bottom">
        Standard PSC
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#5bed7ea5-b1ea-46b6-bd66-2ae5dad3dfdd" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="5bed7ea5-b1ea-46b6-bd66-2ae5dad3dfdd" aria-expanded="false">
            Effective royalty rate and maximum government share
        </a>
        <ul id="5bed7ea5-b1ea-46b6-bd66-2ae5dad3dfdd" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Gross Split PSC
    </li>
    <li class="push-quarter--bottom">
        Standard PSC
    </li>
    <li class="push-quarter--bottom">
        Gross Split PSC
    </li>
    <li class="push-quarter--bottom">
        Standard PSC
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#38689176-3ec1-4b85-b7b8-e8b5a78fd32f" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="38689176-3ec1-4b85-b7b8-e8b5a78fd32f" aria-expanded="false">
            Progressivity
        </a>
        <ul id="38689176-3ec1-4b85-b7b8-e8b5a78fd32f" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Gross Split PSC
    </li>
    <li class="push-quarter--bottom">
        Standard PSC
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#7a07e4dd-5a0b-446f-bc7b-95d711c5e506" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="7a07e4dd-5a0b-446f-bc7b-95d711c5e506" aria-expanded="false">
            Fiscal deterrence
        </a>
        <ul id="7a07e4dd-5a0b-446f-bc7b-95d711c5e506" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Gross Split PSC
    </li>
    <li class="push-quarter--bottom">
        Standard PSC
    </li>

</ul>
    </li>

</ul>

</div>
                <div class="col small-12 large-4 push--bottom">

<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Timeline</li><li class="list__item push-quarter--bottom">Timeline details</li><li class="list__item push-quarter--bottom">Bonuses, rentals and fees</li>
     </ul>
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        <button data-target="#c6e03585a23c42b4a59288c33a6d6ece"
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            View more tables and charts in this report
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        <ul class="list list--bullets panel-toggle" id="c6e03585a23c42b4a59288c33a6d6ece">
            <li class="list__item push-quarter--bottom">Indirect taxes</li><li class="list__item push-quarter--bottom">Royalty (government share of FTP) - Oil</li><li class="list__item push-quarter--bottom">Royalty (government share of FTP) - Gas</li><li class="list__item push-quarter--bottom">Contractor revenue share - assumed terms</li><li class="list__item push-quarter--bottom">Contractor oil revenue share at different oil prices</li><li class="list__item push-quarter--bottom">Contractor gas revenue share at different gas prices</li><li class="list__item push-quarter--bottom">Contract profit share - available terms for oil and gas</li><li class="list__item push-quarter--bottom">Contractor profit share - assumed terms for oil</li><li class="list__item push-quarter--bottom">Contractor profit share - assumed terms for gas</li>
                <li>41 more item(s)...</li>
        </ul>
        
    </div>

</div>

<div class="col small-12 large-4 push--bottom">
                    
<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Indonesia upstream fiscal summary</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>1.25 MB</span>
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