According to the Director of Mineral and Coal Programme Development at the Ministry of Energy and Mineral Resources (ESDM), Julian Ambassadur Shiddiq, the Ministry of ESDM is revising the government regulation on royalty rates or non-tax government revenue (PNBP) in the mineral and coal mining sector. Commodities that will be subject to tariff changes include coal, tin, nickel, gold, silver and copper. The changes to the PNBP are designed to ensure that the State receives a fairer share of the revenues generated from managing natural resources. Details of the PNBP changes were not given, however Julian said that tariffs on commodities would depend on the type of product and the price of the commodity. The process of revising the PNBP regulations for mineral and coal mining is currently in the final stages of discussion with the State Secretariat. Currently, the PNBP rates for mining commodities are based on Government Regulation No. 26 of 2022 on Types and Rates of Types of Non-tax Government Revenues (PNBP). The current PNBP for coal commodities varies from 4-13.5% of the price; nickel varies from 1-10% of the price; copper varies from 2-10% of the price; gold = varies from 3.75-10% of the price; and tin varies from 1-4% of the price.
Thursday, 13 March 2025 21:21
Be Ready, the Government to Raise 6 Mining Commodities Royalty Rates
