Country Report
Indonesia upstream fiscal summary
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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 40% 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.
Table of contents
- Executive summary
- Current licence, equity and fiscal terms
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Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
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Indirect taxes
- Land and building tax
- Royalty
- PSC cost recovery
- PSC profit sharing
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Additional petroleum taxes
- Domestic market obligation (DMO)
- Corporate income tax
- Fiscal treatment of decommissioning
- Product pricing
- Summary of modelled terms
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Fiscal stability
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Recent history of fiscal changes
- Timeline details
- Stability provisions
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Recent history of fiscal changes
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Economic analysis
- Split of the barrel and share of profit
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Effective royalty rate and maximum government share
- Effective royalty rate
- Maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 30 images and tables including:
- Revenue flowchart: Indonesia PSC
- Timeline
- Split of Barrel - oil
- Split of barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate and minimum state share - onshore, oil
- State share versus Pre-Share IRR - oil
- State share versus Pre-Share IRR - gas
- Investor IRR versus Pre-Share IRR - oil
- Investor IRR versus Pre-Share IRR - gas
- Bonuses, rentals and fees
- Indirect taxes
- Contractor revenue share - assumed terms
- Contractor oil revenue share at different oil prices
- Contractor gas revenue share at different gas prices
- Depreciation schedule
- Assumed terms by location - oil and gas
- Fiscal stability: Table 1
- Economic analysis: Table 2
- Effective royalty rate and minimum state share - shelf, oil
- Effective royalty rate and minimum state share - shelf, gas
- Effective royalty rate and minimum state share - deepwater, oil
- Effective royalty rate and minimum state share - deepwater, gas
- Maximum government share and maximum state share - onshore, oil
- Maximum government share and maximum state share - onshore, gas
- Economic analysis: Table 9
- Maximum government share and maximum state share - shelf, gas
- Maximum government share and maximum state share - deepwater, oil
- Maximum government share and maximum state share - deepwater, gas
What's included
This report contains:
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