PT Perusahaan Gas Negara Tbk (Persero) (PGAS) announced several information disclosures to the IDX earlier this year. They are all related to the Company’s tax problems. In its announcement in February 2021, PGAS stated that it had lost in a dispute against the Directorate General of Taxation and must pay more than Rp3 trillion. It’s terrible news, for the Company is not in a good situation. No one wants to think of what could happen if PGAS is forced to pay the amount. We have not heard of further information since then, until this week. We learned that PGAS managed to win some of the disputes in the Reconsideration stage and, therefore, can save a lot. The Company is still waiting for decisions in several other disputes, but the Reconsideration victory is enough to provide positive feedback.
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