ANNOUNCEMENT 10 Feb 2017
On 10 February 2017, the Indonesian Ministry of Finance issued regulation 13/PMK.010/2017 amending the export taxes on processed products.
NUMBER OF INTERVENTIONS
Ministry of Finance regulation 13/PMK.010/2017 (in Bahasa Indonesia)
The regulation introduces export taxes for the following products:260300, 260111, 260112, 260200, 260700, 260800, 261400. The height of the taxes shall vary from 0 to 7.5% depending on how far the development of smelter construction of the mining company is underway (following an ore export ban a couple of years ago (cf. Related state acts), extracting companies in Indonesia are obliged to build construct smelters).
Furthermore, an export tax of 10% was introduced for the products 260400 and 260600.
On 18 December 2018, the Ministry issued regulation 164/PMK.010/2018 partially reducing the export taxes on mineral ores (see Related state acts). However, as the duty was not entirely scrapped, this intervention remains in force.