Indonesia potentially pockets up to US$2 billion from export tax

Ana Noviani

May 08, 2012 16:45

JAKARTA: Indonesia potentially pockets up to US$2 billion from export tax imposed on export of 14 mineral raw materials.

Government might pocket IDR14.7 trillion-IDR18.4 trillion or US$1.6 billion-US$2 billion per year from the export tax, said Minister of Finance Agus D.W. Martowardojo. Export potential is at US$8 billion-US$10 billion.

The 14 commodities are nickel, copper, gold, silver, tin, lead, chromium, molybenum, platinum, bauxite, iron ore, iron sand, manganese, and antimony.

“For the mechanism, we will talk with Minister of Trade, Minister of Energy and Mineral Resources and Directorate General of Customs and Excise from Ministry of Finance.”

The same duty for the 14 raw materials is to facilitate the implementation at the port, said Bambang P.S Brodjonegoro, official from Fiscal Policy Agency. (T05/aph)

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