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Uplift and Participating Interest Activity Income Tax Cuts and Payments

Minister of Finance Regulation No.257/PMK.011/2011 on Contractor Income Tax Cut and Payment Procedures for Income Derived from Uplift or Similar Income and from Participating Interest Activities (“Regulation”) was issued to implement Article 27 (4) of Government Regulation No. 79 of 2010 on Refundable Operational Costs and Income Tax Treatment in the Downstream Oil and Gas Sector (“PP 79/2010”).

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