Contact Us

Indonesia to revise royalty rates on coal, gold in bid to

2021-1-15  Indonesia plans to adjust its royalty payment policies on sales of gold and coal in an effort to boost state revenues as prices of the two commodities recover, an official said on Friday.

Mining duties, royalties and taxes in Indonesia Lexology

2019-7-4  IUP and IUPK holders must pay royalties ranging from 1.5% to 6.5% of the sale price of the minerals produced per year. Dead rent and royalties payable by CoW holders are stipulated in the relevant

Mining in Indonesia PwC

2016-5-24  Mining in Indonesia Tax and Investment Guide 1 Overview of the Indonesian Mining Industry Indonesia continues to be a significant player in the global mining industry with significant production of coal, copper, gold, tin and nickel. Indonesia also remains among the world’s largest exporters of thermal coal.

Indonesia to charge higher coal mining royalties under

2019-6-20  Indonesia's Energy and Mineral Resources Ministry has proposed revising regulations governing mining rights to include higher royalty payments and earlier applications for permit extensions.

Mining in Indonesia: Investment and Taxation Guide

2015-6-3  Indonesia is a leading player in the global mining sector. Indonesia ranks first in tin production, third in coal production after China and Australia, fourth in copper production after Canada, Chile, and the United States, fifth in nickel production, and seventh in gold production. Indonesia hosts a number of

Effect of Indonesia's New Mining Regulations Already

2020-6-24  CCoWs are charged a royalty of 13.5% of sales and income taxes of 45%, against the newer coal-mining permits (IUP), which have royalties of between 2%-7% and a standard 25% tax rate. Fitch expects the state to provide clarity prior to the expiration of PT Arutmin Indonesia's CCoW in November 2020; Arutmin is one of Indonesia's largest coal mines.

Indonesia's Mining Fiscal Regime, 2019 Coal, Gold

2020-1-7  6 Indonesia's Mining Fiscal Regime: Mineral Licenses and Mining Areas . 7.2.2 Production Fees/Royalty Rate 7.3 Depreciation 7.4 Withholding Tax 7.5 Luxury-Goods Sales Tax (LGST)

Indonesia Omnibus Bill Changes to the Mining Law

2020-11-2  Under the Mining Law, IUP-OP and IUPK-OP Holders (including those that carry out coal value-added activities) are required to pay production royalty at varying rates. This production royalty

Mining Royalties ISBN: 0821365029

2016-7-10  3.2 Effective Tax Rate vs. Contribution of Mining to GDP for 24 International Mining Jurisdictions 119 4.1 Cumulative NPV Using $1.05 per Pound Copper 175 4.2 Cumulative NPV Using Cyclical Copper Pricing 177 5.1 Correlation between Mineral Royalties and Effective Tax Rates in South Africa 222 5.2 Employee Numbers, Tonnes Milled, and Average

Indonesia Corporate Withholding taxes

2021-6-28  Article 23/26 Income Tax (PPh 23/26) Domestic Article 23 WHT is payable at the rate of 2% for most types of services where the recipient of the payment is an Indonesian resident and 15% for a variety of payments to resident corporations and individuals. For non-resident, Art. 26 WHT of 20% is applicable.

Effect of Indonesia's New Mining Regulations Already

2020-6-24  CCoWs are charged a royalty of 13.5% of sales and income taxes of 45%, against the newer coal-mining permits (IUP), which have royalties of between 2%-7% and a standard 25% tax rate. Fitch expects the state to provide clarity prior to the expiration of PT Arutmin Indonesia's CCoW in November 2020; Arutmin is one of Indonesia's largest coal mines.

Indonesia to revise royalty rates on coal, gold in bid to

2021-9-3  Indonesia plans to adjust its royalty payment policies on sales of gold and coal in an effort to boost state revenues as prices of the two commodities recover, an official said on Friday. The world’s top exporter of thermal coal expects a recovery in prices and exports this year after scoring a $1.5-billion trade deal with China.

Mining in Indonesia PwC

2017-5-31  Mining in Indonesia: Investment and Taxation Guide 5 Term Definition ha Hectare IDX Indonesia Stock Exchange Investment Law Law No. 25/2007 IPR Izin Pertambangan Rakyat (People’s Mining Licence) ITL Law No. 36/2008 (the prevailing Income Tax Law)

Indonesia's Mining Fiscal Regime, 2019 Coal, Gold

2020-1-7  6 Indonesia's Mining Fiscal Regime: Mineral Licenses and Mining Areas . 7.2.2 Production Fees/Royalty Rate 7.3 Depreciation 7.4 Withholding Tax 7.5 Luxury-Goods Sales Tax (LGST)

Mining in Indonesia Lexology

2019-7-4  The mining industry in Indonesia is regulated by way of mining laws. The main regulation is Law 4/2009 on Coal and Mineral Mining, which is further implemented by various regulations and decrees

Indonesia Corporate Income determination

2021-6-28  The WHT rate on royalty is 15% of the gross amount for resident taxpayers and 20% of the gross amount for non-resident taxpayers or the reduced rate set out in a tax treaty. The domestic WHT on this royalty can be used as a tax credit against the normal income tax of 25% (22% for fiscal year 2020/21 and 20% for fiscal year 2022 onwards) for

10.1 Mining taxes — royalty and excise

10.1 Mining taxes — royalty and excise. Publication date: 17 Apr 2009. ca. Mining taxes that are calculated by applying a tax rate to volume or a measure of revenue which has not been adjusted for expenditure do not fall within the scope of IAS 12 and are not income taxes.

Mineral royalties Department for Energy and Mining

2021-9-7  Pursuant to section 17A of the Mining Act 1971 the new mine rate commences on the date that first royalty is due and payable. The reduced royalty rate applies for a maximum period of ten consecutive 6-month returns. The reduced royalty for a new mine is currently set at a rate of 2.0 per cent of the value of the minerals.

Indonesia Corporate Withholding taxes

2021-6-28  Article 23/26 Income Tax (PPh 23/26) Domestic Article 23 WHT is payable at the rate of 2% for most types of services where the recipient of the payment is an Indonesian resident and 15% for a variety of payments to resident corporations and individuals. For non-resident, Art. 26 WHT of 20% is applicable.

Indonesia Tax Guide 2019-2020 Deloitte US

2021-8-28  Indonesian Tax Guide 2019-2020 7 General Indonesian Tax Provisions Law Number 6 of 1983 regarding General Procedures and Provisions for Taxation as most recently amended by Law Number 16 of 2009. Residency Taxation in Indonesia is determined on the

Indonesia to revise royalty rates Djakarta Mining Club

2021-1-15  Indonesia to revise royalty rates on coal, gold in bid to boost revenue January 22, 2021 Djakarta Mining Club Editor Indonesia plans to adjust its royalty payment policies on sales ofgoldandcoalin an effort to boost state revenues as prices of the two commodities recover, an official said on Friday.

Indonesia to revise royalty rates on coal, gold in bid to

2021-9-3  Indonesia plans to adjust its royalty payment policies on sales of gold and coal in an effort to boost state revenues as prices of the two commodities recover, an official said on Friday. The world’s top exporter of thermal coal expects a recovery in prices and exports this year after scoring a $1.5-billion trade deal with China.

Indonesia Omnibus Law Changes To The Mining Law

2020-11-10  Under the Mining Law, IUP-OP and IUPK-OP Holders (including those that carry out coal value-added activities) are required to pay production royalty at varying rates. This production royalty constitutes non-tax state revenue paid by mining rights holders to the state on the revenue generated from the exploitation or production of mineral and/or

Indonesia Corporate Income determination

2021-6-28  The WHT rate on royalty is 15% of the gross amount for resident taxpayers and 20% of the gross amount for non-resident taxpayers or the reduced rate set out in a tax treaty. The domestic WHT on this royalty can be used as a tax credit against the normal income tax of 25% (22% for fiscal year 2020/21 and 20% for fiscal year 2022 onwards) for

Mining who benefits? Inside Indonesia

2017-10-19  Mining law changes in decentralising Indonesia raises new challenges and opportunities for local communities Mining and reform. Indonesia’s extraordinary resource wealth has, for a long time, been a source of great interest and hope, spurring dreams of

10.1 Mining taxes — royalty and excise

10.1 Mining taxes — royalty and excise. Publication date: 17 Apr 2009. ca. Mining taxes that are calculated by applying a tax rate to volume or a measure of revenue which has not been adjusted for expenditure do not fall within the scope of IAS 12 and are not income taxes.

Fiscal Regimes, Petroleum Contracts, and Natural Gas

2015-8-20  – lower royalty rates (Nigeria, Tunisia, Vietnam) higher cost recovery ceilings and/or profit shares (Egypt, Indonesia, Malaysia) lower tax rates (Nigeria, Tunisia, Papua New Guinea) exemption from certain oil taxes (Trinidad & Tobago (SPT)) Deductions for gas infrastructure against oil

10.1 Mining taxes — royalty and excise PwC

Mining taxes outside the scope of IAS 12 do not give rise to deferred tax liabilities. Revenue-based and volume-based taxes are recognised when the revenue is recognised or production occurs [IAS 18 para 8]. These taxes are most often described as royalty or production taxes.

Indonesia Tax Guide 2019-2020 Deloitte US

2021-8-28  Indonesian Tax Guide 2019-2020 7 General Indonesian Tax Provisions Law Number 6 of 1983 regarding General Procedures and Provisions for Taxation as most recently amended by Law Number 16 of 2009. Residency Taxation in Indonesia is determined on the

Mineral Royalties Department of Mines, Industry

It applies one of three royalty rates depending on the form in which the mineral is sold (ore, concentrate or final form), and the extent to which it is processed. Specific rate royalties, calculated at a rate per tonne of production, generally apply under the Mining Regulations 1981 to low value construction and industrial minerals.