KPMG issues analysis on 3 ministerial decrees in summary

This issue provides a brief summary of the content of three Ministry of Finance Decrees issued to supplement the provisions under the Government Regulation No. 79/2011.

The Decrees were all dated 28 December 2011, but were only made publicly available in the second week of January 2012. The three Ministry of Finance Decrees are:

1. Ministry of Finance Decree No. 257/PMK.011/2011 ("PMK 257"), regarding the Procedures for Withholding, and Payment of Withholding Taxes, on Contractor's Other Income, in the Form of Uplift or Other Similar Income, and/or Contractor's Income from the Transfer of Participating Interest;

2. Ministry of Finance Decree No. 256/PMK.011/2011 ("PMK 256"), regarding Maximum Recoverable Home Office Overhead Costs for Production Sharing and Corporate Income Tax calculation under the PSC.

3. Ministry of Finance Decree No. 258/PMK.011/2011 ("PMK 258"), regarding Maximum Remuneration Costs for Expatriates working for the PSC.

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