The Government to Impose a New Mineral Tax

By Editorial Team 19/08/2019
Summary

The Finance Ministry is currently drafting the Minister of Finance Regulation (PMK) on mineral tax. The draft derives from Article 17 of the government regulation (PP) No.37/2018 on the tax treatment and the non-tax state income from the mining industry.

The regulation states that the mining companies, either holding the mining permit (IUP), special mining permit (IUPK), small-scale mining permit (IPR), and special mining permit for production operation (IUPK OP) originated from the mineral contract of work (KK), posses tax rights and responsibilities. In the future, it will regulate the tax on inter-IUP-holders cooperation and any cooperation between the IUP holders and the non-IUP holders. The ministry plans to release the regulation before the end of 2019

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.