The Minister of Finance issued Regulation No. 122/PMK.03/2019 (“PMK-122”) related to Upstream Oil and Gas Activities. PMK-122 provides tax facilities and tax treatment for charging costs of shared facilities and claiming Head Office cost allocations, which is applicable for PSCs signed both before and after the enactment of Law No. 22/2001, as well as after enactments of Government Regulations No. 79/2010 and No. 27/2017.
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