Market Research Report
Indonesia's Mining Fiscal Regime 2021
|Published by||GlobalData||Product code||991982|
|Published||Content info||26 Pages
Delivery time: 1-2 business days
|Indonesia's Mining Fiscal Regime 2021|
|Published: March 1, 2021||Content info: 26 Pages||
GlobalData's "Indonesia's Mining Fiscal Regime 2021" provides a comprehensive coverage on the country's mining regulatory framework. The report provides information on the country's mining regulatory bodies, taxes, laws, rights and obligations. It also provides a snapshot of the country's macroeconomic performance, ease of doing business, corruption index and mineral overview.
The Indonesian mining industry is governed by the Ministry of Energy and Mineral Resources (MEMR), which is formed to improve energy and mineral operations, making them more efficient, sustainable, and environmentally friendly. Together with MEMR, the mining industry in Indonesia is governed by the Ministry of Environment and Forestry, the Association of Exploration and Mining Development Indonesia, and the Indonesian Coal Mining Association. A new Mining Law No. 3 of 2020 has been enacted on 10 June to amend Mining Law No. 4 of 2009. The new law aims at developing the country's downstream mining industry and encourages investments in mining exploration. Various taxes, including corporate income tax and withholding tax, luxury-goods sales tax, value-added tax, among others, are applicable to entities in Indonesia.