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Indonesia issued new tax incentives to attract oil and gas investment

 Last Update: 2023-01-02
 Source: Internet
 Author: User

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Indonesia's government has issued tax incentives to attract investment in the upstream oil and gas industry and encourage exploration
, Indonesia's finance ministry's tax department said recently.

The tax department said that preferential treatment will be given to value-added tax, luxury tax, etc.
, and 100% reduction
will be given to land tax.

During the production phase, contractors who do not meet the target IRR in unconventional fields will receive similar benefits, but with smaller reductions in land taxes
.

Indonesia's government has issued tax incentives to attract investment in the upstream oil and gas industry and encourage exploration
, Indonesia's finance ministry's tax department said recently.

The tax department said that preferential treatment will be given to value-added tax, luxury tax, etc.
, and 100% reduction
will be given to land tax.

During the production phase, contractors who do not meet the target IRR in unconventional fields will receive similar benefits, but with smaller reductions in land taxes
.

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