Indonesia Seeks Tax Revenue from Individual Miners

Translator

Editor

Jumat, 15 Agustus 2014 14:38 WIB

Truk mengangkut nikel mentah dari pertambangan di Sorowako, Sulawesi (8/1). Akibat kebijakan larangan ekspor ini membuat resiko investasi di sektor peleburan dan pengilangan nikel yang mahal menjadi semakin tinggi. REUTERS/Yusuf Ahmad

TEMPO.CO, Jakarta - The Indonesian government is asked to broaden its focus in tax revenues from the mining sector. Instead of just aiming for revenues from large miners, the government should also mine individual mining enterprises.


According to the Tax Directorate General, tax revenues from the mining and quarrying businesses as of August 8, 2014 reached Rp36.4 trillion. The amount is 11.8 percent lower compared to the same period last year. In 2013, the mining tax collection fell 12.06 percent to Rp41.3 trillion compared to 2012.


Darussalam, tax observer from the University of Indonesia, said that declining tax revenues from the mining sector is caused by a dropping demand from importing countries, which caused production values to stagnate.


Indonesian Gold Mines Association chief Natsir Mansyur projected the tax revenue decline will continue until 2018. "Bauxite, nickel, iron, and copper mines are the most affected by the ban on raw materials exports," he said.


Natsir said that the ban has led the values of four mining commodities to plunge since January 2014. "The products could not be exported in processed form yet, as there is still not enough smelters available in the country," he said.


AMOS SIMANUNGKALIT | CANTIKA BELLIANDARA | JAYADI SUPRIADIN

Related News

Govt Asks SOEs to Buy Newmont's Remaining 7% Stake  

24 Oktober 2018

Govt Asks SOEs to Buy Newmont's Remaining 7% Stake  

The government is asking SOEs to buy Newmont's remaining seven-
percent obligatory divestment.

Read More

One Freeport Worker Dies in Work-Related Accident

24 Oktober 2018

One Freeport Worker Dies in Work-Related Accident

A worker of mining giant PT Freeport Indonesia died in a work-related accident,
the company confirmed on Saturday.

Read More

One Freeport Worker Dies in Work-Related Accident  

24 Oktober 2018

One Freeport Worker Dies in Work-Related Accident  

A worker of mining giant PT Freeport Indonesia died in a work-related accident,
the company confirmed on Saturday.

Read More

Association Urges Govt to Improve Mining Infrastructure

19 Oktober 2018

Association Urges Govt to Improve Mining Infrastructure

The Indonesian Young Entrepreneurs Association's (HIPMI) requested the
government to improve Indonesia's mining infrastructure.

Read More

Edi Yosfi: The stronger man wins

19 Oktober 2018

Edi Yosfi: The stronger man wins

He admits being in a joint venture with Koba Tin, knowing that he stands to lose if

the Malaysian tin company's contract is not extended.

Read More

BHP Chief Comes out Swinging against Australian Iron Ore Inquiry

19 Oktober 2018

BHP Chief Comes out Swinging against Australian Iron Ore Inquiry

BHP Billiton CEO denied that top producers Rio Tinto and BHP had colluded to
depress prices and drive smaller producers out of the market

Read More

Freeport Allowed to Operate Until 2021

18 Oktober 2015

Freeport Allowed to Operate Until 2021

The mining giant PT Freeport Indonesia could continue its
operation until 30 December 2021.

Read More

Freeport Might Provide Govt with More Shares for Contract Renewal

18 Oktober 2015

Freeport Might Provide Govt with More Shares for Contract Renewal

Freeport must provide the government with more shares at
around 51 percent if Freeport wanted to extend its business
license, an analyst says.

Read More

Freeport Important for Papua, says Company VP

18 Oktober 2015

Freeport Important for Papua, says Company VP

The company`s total investment for the community development
program for the period of 1992-2014 had reached US$1.3
billion

Read More

Antam, Inalum Chip In to Build Smelter

16 Oktober 2015

Antam, Inalum Chip In to Build Smelter

Antam and Inalum will begin the smelter construction next
year in Mempawah, West Kalimantan.

Read More