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Accounting Guidelines for Upstream Oil and Gas Non-Tax Revenue: PMK 64/2026

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Regulatory digest Published 10 October 2026 Machine-drafted

Minister of Finance Regulation (PMK) 64/2026 sets the technical accounting guidelines for non-tax state revenue (PNBP) from upstream oil and gas business activities. Minister of Finance Purbaya Yudhi Sadewa signed it in Jakarta on 21 August 2026. It replaces PMK 115/2023 on the same subject. According to its preamble, the replacement refines the accounting policy on the disclosure of certain gas prices, the classification of revenue types, the timing of book transfers, changes in nomenclature, and the administration of receivables. The regulation has seven articles; the guidelines themselves sit in its annex.

Key Provisions

Definitions (Article 1). Article 1 defines twenty terms. Oil and gas PNBP (PNBP Migas) is PNBP managed by the State General Treasurer, made up of natural-resource oil and gas PNBP, other natural-resource oil and gas PNBP, and other oil and gas PNBP. Natural-resource oil and gas PNBP is the state's share of the proceeds of exploiting oil and gas after accounting for the government's obligations under the contract and the law. The Oil and Gas Account is defined as a US dollar account at Bank Indonesia that receives revenue and pays expenses related to upstream activities.

Scope (Article 2). Natural-resource oil and gas PNBP covers oil revenue and gas revenue. Other natural-resource oil and gas PNBP covers revenue from domestic market obligation crude oil and from oil and gas production bonuses. Other oil and gas PNBP covers fines, interest and penalties related to upstream activities, and other upstream revenue. The guidelines are based on accrual-based Government Accounting Standards and follow the Central Government Accounting Policy. They cover the recognition, measurement, presentation and disclosure of assets, liabilities, equity, revenue and expenses.

Users (Article 3). The guidelines are used by the special PNBP work unit for oil and gas, as the accounting entity, to prepare its financial statements, and by the proxy of the State General Treasurer to consolidate the Treasurer's financial statements.

Three modules (Article 4). The guidelines are set out in three modules in the annex: general accounting; book transfers for the recognition and measurement of oil and gas PNBP through the Oil and Gas Account; and the measurement of natural-resource oil and gas PNBP per contractor, which becomes revenue-sharing funds for the regions.

First Use, Revocation and Entry Into Force

The guidelines are first used for the financial statements for fiscal year 2026 (Article 5). PMK 115/2023 is revoked when the new regulation takes effect (Article 6). Under Article 7, PMK 64/2026 takes effect on the date of its promulgation.

Other CRPG memos cover non-tax revenue tariffs, such as those of the Audit Board and the Ministry of Law.

Read the official text of PMK 64/2026 in the BPK legal database.

Checked against the official text of PMK 64/2026 on 9 October 2026. This is not legal advice; report corrections to contact@crpg.id.

Disclaimer

This article was AI-generated under an experimental legal-AI application. It may contain errors, inaccuracies, or hallucinations. The content is provided for informational purposes only and should not be relied upon as legal advice or authoritative interpretation of regulations.

We accept no liability whatsoever for any decisions made based on this article. Readers are strongly advised to:

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This experimental AI application is designed to improve access to regulatory information, but accuracy cannot be guaranteed.

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