Signature bonus a non-tax revenue

President Susilo Bambang Yudhoyono has signed a regulation on types of non-tax state revenues which stipulates that the non-tax revenues include signature bonus the amount of which is determined in the production sharing contract.

The regulation, which is Government Regulation No. 9/2012, was dated January 6.

Other non-tax revenue is fee charged on information service on potentials of oil and gas and coal bed methane fields needed in a bidding document submission. Each document costs US$5,000.

Financial responsibility for termination of a contract that has yet to meet exploration commitment is also considered non-tax revenue. Its value depends on the amount of exploration commitment that has not been realized when the contract is prematurely terminated.

Contract refers to revenue sharing contract or other forms of cooperation in exploration activities.

The regulation was signed due to the need to revise types and amounts of non-tax revenue applied in the Energy and Mineral Resources Ministry, following changes to the organizational structure and the fact that certain tariffs remain unregulated or incompatible with Government Regulation No. 45/2003 on tariffs and types of non-tax revenues applied in the Ministry of Energy and Mineral Resources.

Editing by Dadan Wijaksana