TAX PRESPECTIVE on Oil and Gas Industry by

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TAX PRESPECTIVE on Oil and Gas Industry by : Afan Aftory Kuliah Umum 20

TAX PRESPECTIVE on Oil and Gas Industry by : Afan Aftory Kuliah Umum 20 Mei 2017

Table of Contents 1. Oil & Gas Industry-Introductory 2. Upstream Tax - Practical a.

Table of Contents 1. Oil & Gas Industry-Introductory 2. Upstream Tax - Practical a. Specific Tax Obligation b. System used to comply with tax regulation c. Supporting of Tax Consultant, Tax Staff or Accounting Software to Comply Tax Regulation d. Tax Assessment Letter/SKP, Tax Collection Letter/STP e. Analysis of Tax Compliance f. Analysis of Tax Management Practice Page 2

Oil & Gas Industry : Upstream, Midstream and Downstream UPSTREAM The upstream segment of

Oil & Gas Industry : Upstream, Midstream and Downstream UPSTREAM The upstream segment of the industry, often called exploration & production. Companies will search prospective areas for potential reserves of oil and gas and perform geological tests called seismic tests, to determine the size and composition of the resource. MIDSTREAM Often coupled with the downstream segment, the midstream sector involves the transportation, storage and marketing of various oil and gas products. Depending on the commodity and distance covered, transportation options can vary from small connector pipelines to massive cargo ships making trans-ocean crossings. DOWNSTREAM The downstream sector involves the refining and processing of hydrocarbons into usable products such as gasoline, jet fuel and diesel. The refining process is a complex chemical process that helps separate the hundreds of hydrocarbon molecules into useful forms. Petrochemical plants also break down hydrocarbons into chemical compounds that are used to create a myriad of products ranging from plastics to pharmaceuticals. Source : Petroleum Industry, Youth Committe Page 3

Our Business PERTAMINA in conducting business activities in the field of energy and petrochemicals,

Our Business PERTAMINA in conducting business activities in the field of energy and petrochemicals, was divided into two sectors, namely upstream and downstream, and supported by the activities of Children's Subsidiaries and Joint Ventures. Upstream activities cover exploration and production of oil, gas, and geothermal. The aim of exploration activities is to discover new oil and gas reserves as a replacement of hydrocarbon that has been produced. Downstream Pertamina’s business operations in the downstream sector cover the Refinery, Marketing & Trading, and LNG businesses. Marketing & Trading Business covers the distribution of oil and petrochemical products directly produced by Pertamina’s refineries or imported, to domestic and overseas markets, and supported by distribution and transportation facilities by land sea. Page 4

PETROLEUM INDUSTRY UPSTREAM MIDSTREAM DOWNSTREAM Trading Imports Blends CRUDE OIL, CONDENSATE Pipe Lines, Trucking,

PETROLEUM INDUSTRY UPSTREAM MIDSTREAM DOWNSTREAM Trading Imports Blends CRUDE OIL, CONDENSATE Pipe Lines, Trucking, Shipping Refining Distributed trough fuel depots & stations (Kerosene, Gasoline, Diesel, HSD, Avtur, etc) Gas Trading/ Transmission Processing LNG Plant Petrochemical Plants LPG Plants NATURAL GAS Prod. Facilities Marketing & Trading PETROLEUM PRODUCTS Refineries EXPLORATION & EXPLOITATION Transmission Lines LNG Marketing & Trading GAS PRODUCTS Petrochemical Products LPG Export LNG

UPSTREAM MID STREAM & DOWNSTREAM Page 6

UPSTREAM MID STREAM & DOWNSTREAM Page 6

INDONESIA PETROLEUM CONTRACTS REVOLUTION CONCESSION PRODUCTION SHARING CONTRACT Colonialism Era Republic of Indonesia (UUD

INDONESIA PETROLEUM CONTRACTS REVOLUTION CONCESSION PRODUCTION SHARING CONTRACT Colonialism Era Republic of Indonesia (UUD 1945) MINES ACT 1899 UU 44/1960 UU 22/2001 UU 8/1971 §PP 35/1994 1961: COW 1965: PSC I 1968: TAC (Pertamina) §PP 42/2002 (Ring Fencing) §PP 35/2004 1976: PSC II 1977: JOA 1986: JOA/ JOB 1988: PSC III (incentive) 1989: EOR 1995: PSC IV (BPMIGAS) (…………. ) §PP 79/2010 (Cost recovery negative list) §Etc. . 2001: PSC V 2005: KSO (Pertamina) 2008: PSC VI 1. 2. 3. 2001 3… 1971 2 1960 1 1945 1885 2017: PSC Gross Split Colonialism era: With concession right from Sultan Langkat, a commercial discovery achieved by A. J Ziljker on June 1885 & momentum of the establishment of Royal Shell at 1890. Post independence era: Mining Right is owned by the state or the state company Modern petroleum industri era: The PSC revolution 7

REFINERY PERTAMINA – KAPASITAS , KOMPLEKSITAS DAN KONFIGURASI PACIFIC OCEAN KASIM Refinery SOUTH CHINA

REFINERY PERTAMINA – KAPASITAS , KOMPLEKSITAS DAN KONFIGURASI PACIFIC OCEAN KASIM Refinery SOUTH CHINA OCEAN CAPACITY: 10 MBSD UNIT : C D U PLATFORMER ARUN Kaps : 1. 03 juta Bbl/D Penduduk : 240 juta Ratio : 0. 004 bbl/warga P. BRANDAN MEDAN SINGAPURA B. PAPAN A ER AT M SU DUMAI & S. PAKNING Refinery CDU HVU HYDROCRACKER DELAYED COKER PLATFORMER PALEMBANG BALIKPAPAN Refinery MUSI CAPACITY : 260 MBSD CAPACITY : 118 MBSD UNIT : C D U HVU FCCU POLY PROPYLENE POLY-ALKYATION Refinery in Indonesia UNIT : JAVA OCEAN JAKARTA BALONGAN CEPU JAWA MUSI Refinery SULAWESI KALIMANTAN S. PAKNING CAPACITY : 170 MBSD UNIT : PAPUA BONTANG C D U I & II HVU HYDROCRACKER PLATFORMER WAX PLANT BALI CILACAP BALONGAN Refinery CAPACITY : 125 MBSD UNIT : C D U ARHDM RCC COMPLEX PROPYLENE REC. LPG PLANT PLATFORMER ISOMERIZATION CILACAP Refinery *) CAPACITY : 348 MBSD UNIT : CDU I & II PLATFORMER I & II LUBE-OIL COMPLEX I, III VISBREAKER PARAXYLENE PLANT SULFUR RECOVERY *) Di Cilacap sedang dibangun RCC Unit Dengan Kaps : 62 MB/D (selesai 2014) 8

Pola Suplai Gasoline 88 RON

Pola Suplai Gasoline 88 RON

2 a. Specific Tax Obligation-Oil & Gas Industry • Financial Quarterly Report (FQR) related

2 a. Specific Tax Obligation-Oil & Gas Industry • Financial Quarterly Report (FQR) related to SPT 1771 • Pajak Penghasilan Migas berdasarkan PMK 79/2012 Corporate & Dividend Tax (C&D Tax) based on Mo. F Regulation No 79/2012 Page 10

2 b. System used to comply with tax regulation • System My. SAP to

2 b. System used to comply with tax regulation • System My. SAP to Tax • Tax Transformation Page 11

2 c. Supporting of Tax Consultant, Tax Staff or Accounting Software to Comply Tax

2 c. Supporting of Tax Consultant, Tax Staff or Accounting Software to Comply Tax Regulation • Organisasi, Tax Consultant , Acounting Software Page 12

2 d. Tax Assessment Letter/SKP, Tax Collection Letter/STP • Pengembalian pajak pada proses Keberatan,

2 d. Tax Assessment Letter/SKP, Tax Collection Letter/STP • Pengembalian pajak pada proses Keberatan, Banding Page 13

2 e. Analysis of Tax Compliance Predikat Wajib Pajak dengan Tingkat Kepatuhan Tertinggi “The

2 e. Analysis of Tax Compliance Predikat Wajib Pajak dengan Tingkat Kepatuhan Tertinggi “The Most Compliance Tax Payer” Page 14

2 e. Analysis of Tax Management Practice • Tax Management & Mapping • Material

2 e. Analysis of Tax Management Practice • Tax Management & Mapping • Material Management Page 15

TERIMA KASIH

TERIMA KASIH