Capital Participation ofOil/Gas Revenue Sharing Fundand Local Tax ID
CAPITAL PARTICIPATION OF     OIL/GAS REVENUE SHARING FUND       IN BOJONEGORO MUNICIPALITY                  BY :       HER...
Philosophical Based   OIL/GAS IS UNRENRENEWABLE NATURAL RESOURCE       Will eventually run off       Huge amount of rev...
PROCESS and FORM of INNOVATION   Intensive communication among stakeholders in    Bojonegoro on discussing in how to bett...
LEGAL BASIS   LOCAL REGULATION of BOJONEGORO    MUNICIPALITY NUMBER 11 YEAR 2011 on    CAPITAL PARTICIPATION IN BOJONEGOR...
OBJECTIVES   Investing the region’s resources in order to    receive economy, social and other benefits   In order for t...
ALLOCATION FOR CAPITAL PARTICIPATION OF    OIL/GAS REVENUE SHARING IN BOJONEGORO                 MUNICIPALITYNO          L...
ACHIEVED RESULTS Yieldinglocal revenue/PAD from managing  separated local fund (devident) As an adding capital for regio...
CHALLENGES Capital participation attached to risks as any  other type of investment The investment will change according...
NEXT AGENDA   MODEL IMPROVEMENT    ◦ Broaden investment target location    ◦ Make clear on the management and utilization...
BRANCH/ LOCAL TAX IDIN BOJONGORO MUNICIPALITY         JAKARTA, May 23rd 2012
BACKGROUND   Procurement by partner from outside of    regions so the tax will be paid to the region    where the partner...
OBJECTIVES• To increase local revenue from Tax  Revenue Sharing Fund• To make easy in monitoring tax obligatory• To  incre...
PROCESS AND FORM OF INNOVATIONS   Intensive communication between stakeholders    in Bojonegoro on how to utilize oil/gas...
MAIN POINTS•   Partners doing the procurement and Tender    Winner    in  Bojonegoro    Municipality   is    obligatory to...
Registration Procedure   Registration procedure refer to rules and    regulation enacted, implemented by KPP    BOJONEGOR...
SANCTIONViolation of this regulation will besanctioned with:Administration sanction in      the form ofwritten warning an...
Achieved Result To put the revenue sharing/DBH according  to its portion The increase in revenue sharing tax  received e...
TERIMA KASIH  Thank You
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2 capital participation and local tax id (english)

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2 capital participation and local tax id (english)

  1. 1. Capital Participation ofOil/Gas Revenue Sharing Fundand Local Tax ID
  2. 2. CAPITAL PARTICIPATION OF OIL/GAS REVENUE SHARING FUND IN BOJONEGORO MUNICIPALITY BY : HERRY SUDJARWO, SH. MMHEAD OF OFFICE OF REVENUE BOJONEGORO MUNICIPALITY NATIONAL SEMINAREXTRACTIVE INDUSTRY GOVERNANCE IN BOJONEGORO MUNICIPALITY JAKARTA, MAY 23rd 2012
  3. 3. Philosophical Based OIL/GAS IS UNRENRENEWABLE NATURAL RESOURCE  Will eventually run off  Huge amount of revenue in short period (WINDFALL) and gradually decreasing  Oil/gas revenue sharing fund must have sustainable benefit that can be preserve for future generation  Capital Particpiation is to anticipate if the revenue form oil/gas stop OIL/GAS REVENUE IS FLUCTUATIVE  Price determined by the market, a floating mechanism  Local needs to anticipate the local budgeting when the price is decreasing INCREASING LOCAL REVENUE (PAD)
  4. 4. PROCESS and FORM of INNOVATION Intensive communication among stakeholders in Bojonegoro on discussing in how to better use the oil/gas revenue Initiative and local innovation from other oil/gas resource-rich region in Indonesia To formulate and to legalized it in the Bojonegoro Local regulation (Peraturan Daerah Kabupaten Bojonegoro) on capital participation received from oil/gas revenue sharing fund/DBH
  5. 5. LEGAL BASIS LOCAL REGULATION of BOJONEGORO MUNICIPALITY NUMBER 11 YEAR 2011 on CAPITAL PARTICIPATION IN BOJONEGORO MUNICIPALITY
  6. 6. OBJECTIVES Investing the region’s resources in order to receive economy, social and other benefits In order for the revenue sharing fund to be used sustainably, because in time of the Revenue Sharing ran out, the local govt. can maintain its service to the public
  7. 7. ALLOCATION FOR CAPITAL PARTICIPATION OF OIL/GAS REVENUE SHARING IN BOJONEGORO MUNICIPALITYNO LOCATION AMOUNT YEAR 19.000.000.000 YEAR. 20111 BANK JATIM 20.000.000.000 YEAR. 2012 27.000.000.000 YEAR. 2012 4.000.000.000 YEAR. 20112 PD BPR BOJONEGORO 2.000.000.000 YEAR. 20123 PT. BBS 10.000.000.000 YEAR. 2012 500.000.000 YEAR. 20124 BPR JATIM BOJONEGORO 500.000.000 YEAR. 2013
  8. 8. ACHIEVED RESULTS Yieldinglocal revenue/PAD from managing separated local fund (devident) As an adding capital for region-owned company to do their company activities As endowment fund for the future
  9. 9. CHALLENGES Capital participation attached to risks as any other type of investment The investment will change according to the change of the policy Revenue from this investment will be incorporated within the local budget/APBD so we cannot specifically use the revenue for certain development only. The regulation still haven’t regulate the mechanism on fund management and use
  10. 10. NEXT AGENDA MODEL IMPROVEMENT ◦ Broaden investment target location ◦ Make clear on the management and utilization mechanism ◦ Transparency and Accountability THE NEED FOR SPECIFIC LOCAL REGULATION ◦ Related to oil/gas revenue sharing fund ◦ Amount of investment is regulate under specific regulation
  11. 11. BRANCH/ LOCAL TAX IDIN BOJONGORO MUNICIPALITY JAKARTA, May 23rd 2012
  12. 12. BACKGROUND Procurement by partner from outside of regions so the tax will be paid to the region where the partners is originate (not to the regions where the activity is conducted) Intensification and intensification of local revenue especially from Balance Fund (Tax Revenue Sharing Fund)
  13. 13. OBJECTIVES• To increase local revenue from Tax Revenue Sharing Fund• To make easy in monitoring tax obligatory• To increase role and awareness of taxpayer to the region where the partners conduct the work
  14. 14. PROCESS AND FORM OF INNOVATIONS Intensive communication between stakeholders in Bojonegoro on how to utilize oil/gas fund The reinforcement of Regent’s Regulation number 33 year 2009 on Branch/Local Tax ID specifically for procurement under the local budget/APBD Formulate and legalize innovation under Local regulation of Bojonegoro Municipality (Peraturan Daerah) Local regulation in Bojonegoro number 25 tahun 2011 on Registration of Taxpayer in Brnach/Location for the parties conducting procurement in Bojonegoro Municipality
  15. 15. MAIN POINTS• Partners doing the procurement and Tender Winner in Bojonegoro Municipality is obligatory to obtain Tax ID issues by KPP PRATAMA Office in Bojonegoro• To those who already owned Tax ID as taxpayer issued form outside of Bojonegoro must register themselves as taxpayer in Bojoengoro• For those opening tender for procurement must stated in the contract the obligation of Tender winner to obtain Bojonegoro Tax ID
  16. 16. Registration Procedure Registration procedure refer to rules and regulation enacted, implemented by KPP BOJONEGORO Branch/Local Tax ID is valid as long as the activity of procuring conducted within Bojonegoro Municipality After the activity is finalized, partners can send request to eliminate the branch/local Tax ID The elimination of local Tax ID conducted by KPP PRATAMA Bojonegoro
  17. 17. SANCTIONViolation of this regulation will besanctioned with:Administration sanction in the form ofwritten warning and embargo of workingpermit for activities related to procurementof good and services
  18. 18. Achieved Result To put the revenue sharing/DBH according to its portion The increase in revenue sharing tax received especially from PPh Psl. 21, 25/29 WPOPDN : Year 2010 : 6.553.804.156 Year 2011 : 8.183.321.347
  19. 19. TERIMA KASIH Thank You

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