Country Report
Indonesia upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Land and building tax (LBT)
- Base
- Royalty - First Tranche Petroleum (FTP) (Standard PSC only)
- Base
- PSC cost recovery - Standard only
- Base
- 16 more item(s)...
- Recent history of fiscal changes
- Stability provisions
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Split of the barrel and share of profit
- Gross Split PSC
- Standard PSC
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Effective royalty rate and maximum government share
- Gross Split PSC
- Standard PSC
- Gross Split PSC
- Standard PSC
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Progressivity
- Gross Split PSC
- Standard PSC
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Fiscal deterrence
- Gross Split PSC
- Standard PSC
Tables and charts
This report includes the following images and tables:
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TimelineTimeline detailsBonuses, rentals and fees
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Indirect taxesRoyalty (government share of FTP) - OilRoyalty (government share of FTP) - GasContractor revenue share - assumed termsContractor oil revenue share at different oil pricesContractor gas revenue share at different gas pricesContract profit share - available terms for oil and gasContractor profit share - assumed terms for oilContractor profit share - assumed terms for gas
- 41 more item(s)...
What's included
This report contains:
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