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Kamis, Agustus 9, 2018

New Tax and Non-Tax Provisions for the Mineral Mining Sector

The government has issued Regulation of the Government No. 37 of 2018 on the Imposition of Tax and/or Non-Tax State Revenue within the Mineral Mining Business Sector (“Regulation 37/2018”). This new regulation applies to taxpayers who possess the following types of mining license (“Mining Licenses”): 1) Mining Business License (IUP); 2) Special IUP (“IUPK”); 3) Community Mining License (IPR); and 4) IUPK for Production Operations which are issued due to transformations of work contracts which have not yet expired (“IUPK/PO”).
The corporate income-tax rate for IUPK/PO holders has been set at 25%. In addition, 4% of any total net profits generated by holders of IUPK/PO should be transferred to the central government, while 6% of said profits should now be allocated to the relevant regional government.
Regulation 37/2018 specifically allows for holders of Mining Licenses to cooperate with other relevant parties, however, all tax rights and obligations should refer back to the relevant Mining License holders.
Regulation 37/2018 comes into force at the start of the 2019 fiscal year.
For more on this story, see Hukumonline: “Telah Terbit, PP Perlakuan Perpajakan dan/atau PNBP di Bidang Pertambangan Mineral”.

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The government has issued Regulation of the Government No. 37 of 2018 on the Imposition of Tax and/or Non-Tax State Revenue within the Mineral Mining Business Sector (“Regulation 37/2018”). This new regulation applies to taxpayers who possess the following types of mining license (“Mining Licenses”): 1) Mining Business License (IUP); 2) Special IUP (“IUPK”); 3) Community Mining License (IPR); and 4) IUPK for Production Operations which are issued due to transformations of work contracts which have not yet expired (“IUPK/PO”).
The corporate income-tax rate for IUPK/PO holders has been set at 25%. In addition, 4% of any total net profits generated by holders of IUPK/PO should be transferred to the central government, while 6% of said profits should now be allocated to the relevant regional government.
Regulation 37/2018 specifically allows for holders of Mining Licenses to cooperate with other relevant parties, however, all tax rights and obligations should refer back to the relevant Mining License holders.
Regulation 37/2018 comes into force at the start of the 2019 fiscal year.
For more on this story, see Hukumonline: “Telah Terbit, PP Perlakuan Perpajakan dan/atau PNBP di Bidang Pertambangan Mineral”.

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

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Pro

Rp 5.000.000 /bulan

Lihat Detail

Pro AI

Terfavorit

Rp 8.200.000 /bulan

Lihat Detail

Pro Compliance

New

Rp 12.500.000 /bulan

Lihat Detail

*Syarat dan ketentuan berlaku

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