Export Duties for Concentrate Imposed on Freeport

Through PMK Number 38 of 2024 concerning Stipulation of Exported Goods Subject to Export Duty and Rates of Export Duty, released on May 31, 2024, and promulgated on June 3, 2024, the government establishes export duty rates, ranging from 5%, 7.5%, to 10%, particularly for metallic minerals.

Ibeth Nurbaiti

6 Jun 2024 - 17.28
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Export Duties for Concentrate Imposed on Freeport

Freeport

Bisnis, JAKARTA — The government's decision to extend the relaxation of exports for specific metallic mineral concentrates until December 2024 doesn't fully address the concern over export duties, particularly for PT Freeport Indonesia.

Minister of Finance Sri Mulyani immediately issued new regulations on export duty rates for processed metal mineral exports following the extension of export permit relaxation for certain metallic mineral commodities for the next six months.

The government has established various export duty rates for metallic minerals through Minister of Finance Regulation (PMK) Number 38 of 2024 concerning Stipulation of Exported Goods Subject to Export Duty and Rates of Export Duty, released on May 31, 2024, and promulgated on June 3, 2024. These rates include 5%, 7,5%, and 10%.

Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif disclosed that his ministry has issued a letter of recommendation to extend Freeport's export permit. However, the final approval for export is pending completion of administrative requirements from Freeport.

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