Pertamina Defends Owning Offshore Company
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta-PT Pertamina (Persero) owns a company in tax haven country in the British Virgin Islands (BVI), which is called Pertamina E&P Libya Limited.
Pertamina spokeswoman Wianda Pusponegoro said a lot of companies have set up paper companies in the British Virgin Island due to ease of administration and tax facilities of the said country.
“[Owning a company in a tax haven country such as British Virgin Islands] is normal, many companies do that,” Wianda told Tempo, Monday, April 11, 2016.
Wianda said the company is set up for administrative purposes and has no operations. “Our operation in Libya is dormant due to the country’s [lack of] stability,” she said.
Other reason for Pertamina in choosing the BVI is no tax liability, as Pertamina E&P Libya Limited has yet to generate income.
Pertamina, she said, has adhered to all domestic tax regulations and other regulations. For instance, Wianda said, Pertamina paid the most in tax to the state throughout 2014 and 2015. In 2014, Pertamina paid Rp65 trillion, whereas in 2015 it paid Rp71.6 trillion.
ALI HIDAYAT