Oil Prices Plummet, PPH Migas Revenue Sharply Decreases

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23/06/2017 11:30 WIB

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Oil and Gas Income Tax (PPH Migas) 2000-2017

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Oil Prices Plummet, PPH Migas Revenue Sharply Decreases

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Oil and Gas Income Tax (PPH Migas) 2000-2017

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Government revenue from oil and gas income tax (PPH Migas) in the 2017 State Budget (APBN) is targeted at Rp 35.93 trillion, more than Rp 36.46 trillion lower than the 2016 Revised State Budget (APBNP). As is known, oil and gas income tax revenue has been declining since 2014. The steepest decline occurred in 2015, coinciding with the fall in crude oil prices due to oversupply. Simultaneously, demand was sluggish due to the global economic slowdown.

State revenue realization from oil and gas income tax in 2015 was only Rp 49.67 trillion, a plunge of more than 43 percent from the previous year's Rp 87.45 trillion. In 2014, the contribution of oil and gas income tax to tax revenue reached 7.26 percent, but in 2017 it is estimated to reach only 2.4 percent. This year's oil and gas income tax revenue is expected to be the lowest since 2006.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Oil Prices Plummet, PPH Migas Revenue Sharply Decreases

Oil Prices Plummet, PPH Migas Revenue Sharply Decreases

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Related Data

Directorate General of Taxes Secures Additional IDR 1.75 Trillion in Tax from the Task Force for Handling Collection Rights

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Indonesian Customs and Excise Revenue Reaches IDR 249.3 Trillion by October 2025

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Oil Prices Plummet, PPH Migas Revenue Sharply Decreases

Oil Prices Plummet, PPH Migas Revenue Sharply Decreases

Tags

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Directorate General of Taxes Secures Additional IDR 1.75 Trillion in Tax from the Task Force for Handling Collection Rights

Indonesia's Net Tax Fell 3.85% as of October 2025, Here's the Monthly Trend

Indonesia's Net Tax Decreased 4.39% YoY in September 2025

Indonesian Customs and Excise Revenue Reaches IDR 249.3 Trillion by October 2025

Mining Sector Taxes Down 43% in 2020

PPATK Froze Transactions of 12,000 Suspicious Accounts in H1 2025

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