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indonesia mining tax

How Indonesia''s mining tax impacts Freeport-McMoRan

 · Indonesia has completely banned exports of certain minerals. It has levied a mining tax, a hefty export duty, on export of several ores. Freeport-McMoRan has copper as well as gold mining ...

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At a glance: mining duties, royalties and taxes in Indonesia

 · Law 4/2009 on Coal and Mineral Mining (Law 4/2009) obliges mining permit (IUP) and special mining permit (IUPK) holders to pay dead rent and royalties, which are categorised as non-tax …

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Indonesia

 · Value-added tax (VAT) With a few exceptions, VAT is applicable on deliveries (sales) of goods and services within Indonesia at a rate of 10%. VAT on export of goods is zero-rated, while the import of goods is subject to VAT at a rate of 10%. Zero-rated VAT is also ...

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Indonesia: January 2020 tax round-up | International Tax Review

 · Dewa Nugraha and Dwipa Abimanyu Dewantara of GNV Consulting Services summarise tax-related developments from January 2020 in Indonesia. The tax sector has had a busy opening month in 2020. Minister of Finance (MoF) Regulation no. 186/PMK.03/2019 regarding classification of tax objects and procedures for determining tax base of land and building ...

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2020-2021 Investment Window into Indonesia (IWI)

8. Oil and gas & coal and mineral mining 9. Intellectual property rights 10. Dispute resolution 11. Land environment and related matters 12. Other business-related laws D. Taxation in Indonesia 1. Tax administration 2. Business taxation 3. Taxes on 7.

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Indonesia Omnibus Law – Changes To The Mining Law

 · The Omnibus Law amends Law No. 8 of 1983 regarding Value-Added Tax and Sales Tax on Luxury Goods, as lastly amended by Law No. 42 of 2009, to eliminate the value-added tax (" VAT ") exemption for coal mining products. This means that coal mining products will now be subject to VAT. Change of Forestry Permit Regime to Forestry Arrangement.

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Mining in Indonesia

Mining in Indonesia Investment and Taxation Guide 1 With three years having passed since the introduction of the Mining Law in early 2009, the Indonesian mining sector has seen continued investment growth despite what some have perceived as a lack of

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New Tax Rules for the Indonesian Mining Sector

 · The Indonesian government has introduced new tax regulations to provide greater legal certainty to encourage mining companies with Contracts …

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New Mining Law Indonesia: Full Mineral Ore Export Ban Delayed Again? | Indonesia …

 · By September 2016 the Indonesian government plans to have revised regulations regarding exports of mineral ore, part of Law No. 4/2009 on Mineral and Coal Mining (New Mining Law). Per January 2014 mineral ore exports from Indonesia should have been banned ...

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Indonesia''s Mining Fiscal Report 2021: Mining Regulatory Bodies, Taxes…

Government taxation and revenue National taxes Materials industry Indonesia Asia Energy industry Government finance Government and politics Business Wire Coal mining Mining regulation Southeast Asia Metals and minerals industry National governments ...

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Indonesia Omnibus Bill

 · The Omnibus Bill amends Law No. 8 of 1983 regarding Value-Added Tax and Sales Tax on Luxury Goods, as lastly amended by Law No. 42 of 2009, to eliminate the value-added tax …

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Effect of Indonesia''s New Mining Regulations Already Factored into Ratings

 · Some parallels could be drawn from the 2018 conversion of the mining license of the Grasberg gold and copper mine, operated by Freeport Indonesia. Upon the conversion of its contract of work to a special mining permit, its corporate income tax rate was reduced to 25%, from 35%, but an additional 10% levy was imposed on net profit, with the net impact remaining broadly neutral.

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Indonesia mulls 25% mining tax amid a resources boom

 · Indonesia considers imposing a 25% tax on mining exports this year, and 50% next year, as it looks to cash in on the resources boom. In Indonesia the government there is considering a 25% tax …

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Indonesia releases new regulation on tax and non-tax state revenue in the mineral mining …

 · The Indonesian Government has issued Government Regulation No. 37 of 2018 (GR-37).1 Many mining companies in Indonesia operate under a Contract of Work (CoW) and can be subject to specific CoW tax provisions for the term of the contract that differ from the

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Coal Mining in Indonesia

The Indonesian coal industry is rather fragmented with only a few big producers and many small players that own coal mines and coal mine concessions (mainly in Sumatra and Kalimantan). Since the early 1990s, when the coal mining sector was reopened for foreign investment, Indonesia witnessed a robust increase in coal production, coal exports and domestic sales of coal.

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How to Report Taxes on Cryptocurrency Mining | Coinpanda

 · The tax treatment is different for business and hobby mining, and related expenses you are allowed to deduct varies also. If you are mining cryptocurrency today, or you will start mining sometime in the future, you need to consider all the factors discussed in this article when planning your mining operation to understand the possible tax implications.

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Mining in Indonesia: Investment and Taxation Guide

Indonesian tax rules of general application – that is, the KP regulatory regime does not specify distinct tax rules. Although Indonesia''s investment approval and mining tax regimes are relatively straight forward, care must be taken in structuring an investment

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2019-2020 Investment Window into Indonesia (IWI)

Oil and Gas & Coal and Mineral Mining A. Oil and Gas B. Coal and Mineral Mining 7. Intellectual Property Rights 8. Dispute Resolution 9. Land environment and related matters 10. Other business-related laws D. Taxation in Indonesia 76 1. Tax2. Tax taxes ...

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Mining in Indonesia: Investment and Taxation Guide 2019

We welcome you to the 11th edition of the PwC Indonesia "Mining in Indonesia: Investment and Taxation Guide" released in June 2019, which highlights the key regulatory and taxation considerations for investors in the Indonesian mining sector - a sector which continues to be a key contributor to Indonesian economic growth. Download the report.

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Intervention 57380: Indonesia: Import duty or tax relief for coal mining businesses

 · Tax or social insurance relief The regulation sets the legal framework for contracts with coal mining businesses, which allow the partial or full import duty relief as well as an exemption from the Value Added Tax for certain goods imported by the businesses.

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Indonesia Considers Levying Tax on Crypto Profits

 · Indonesia Considers Levying Tax on Crypto Profits. Indonesia is considering a plan to tax profits on crypto trading in response to its increasing popularity. Neilmaldrin Noor, an Indonesian tax ...

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Indonesia Introduces Significant Changes to Mining Law

Indonesia Introduces Significant Changes to Mining Law. Indonesia''s House of Representatives has passed a long-awaited amendment to the Mining Law, which promises to introduce significant changes to the sector and how mining companies operate in the country. After years of deliberation, the House passed the bill (the " Mining Bill ") on ...

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New rules for Indonesia''s mining sector see exports static | …

 · Mining companies like Freeport-McMoRan Copper & Gold and Newmont Mining Corporation are in talks with the Indonesian government over these new rules. These two companies comprise a large part of the mining sector and are vital to Indonesia''s expanding mining sector; they produce 97% of Indonesia''s copper.

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Indonesia Tax Guide 2019-2020

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

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Indonesia releases new regulation on tax and non-tax state revenue in the mineral mining …

Executive summary The Indonesian Government has issued Government Regulation No. 37 of 2018 (GR-37).1 Many mining companies in Indonesia operate under a Contract of Work (CoW) and can be subject to specific CoW tax provisions for the term of the

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Indonesia

 · The Mining Law stipulates that general prevailing tax laws/regulations apply to mining projects. Specific tax regulations, however, also exist for non-coal mining IUPs. Local income taxes There are no provincial or local taxes on income in Indonesia. For a list of .

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Indonesia may issue new tax rules for mineral exports next week -official …

 · Indonesia may issue new tax rules for mineral exports next week, a Finance Ministry official said on Tuesday, after discussions with the Energy and …

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Effect of Indonesia''s New Mining Regulations Already Factored into Ratings

Investment and Taxation Guide - PwC

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Indonesia considers plan to tax trade in cryptocurrencies | Reuters

 · Indonesia is considering a plan to tax the trading of cryptocurrencies after a surge in popularity among local investors, a tax official said on Tuesday. JAKARTA, May 11 (Reuters) - Indonesia …

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