Govt. Reregulates PBB Payment Procedures for Oil-and-Gas and Geothermal Businesses

With the overall objective of improving payments of Land-and-Building Tax (Pajak Bumi dan Bangunan‑ “ PBB ”) by oil-and-gas and geothermal businesses through the book-entry mechanism, the Ministry of Finance (“ Ministry ”) has issued Regulation No. 131/PMK.03/2017 (“ Second Amendment ”), which sets out a second amendment to Ministry Regulation No. 76/PMK.03/2013 (“ Regulation 76/2013 ”) on theAdministration of Land-and-Building Tax within the Mining Sector for Oil, Gas and Geothermal Businesses. Prior to the issuance of the Second Amendment, Regulation 76/2013 was previously amended by Ministry Regulation No. 26/PMK.03/2015 (“First Amendment”) .