KONTAN.CO.ID JAKARTA, December 24, 2023 - PT Freeport Indonesia (PTFI) continues to strive for a relaxation of the 10% export duty tariff on copper concentrate exports next year, or starting January 2024. The imposition of this new tariff is in accordance with the Minister of Finance Regulation (PMK) Number 71 of 2023 which regulates export duties for mining companies. Referring to the Minister of Finance Regulation (PMK) Number 71 of 2023, companies with smelter progress reaching 70%-90% (stage II) will be charged an export duty on copper concentrate of 7.5% until December 31, 2023. Then the export duty will increase to 10% from January 2024 until May 31, 2024.
Freeport and Customs Respond to Potential 10% Export Duty Tariff
KONTAN.CO.ID JAKARTA, December 24, 2023 - PT Freeport Indonesia (PTFI) continues to strive for a relaxation of the 10% export duty tariff on copper concentrate exports next year, or starting January 2024. The imposition of this new tariff is in accordance with the Minister of Finance Regulation (PMK) Number 71 of 2023 which regulates export duties for mining companies. Referring to the Minister of Finance Regulation (PMK) Number 71 of 2023, companies with smelter progress reaching 70%-90% (stage II) will be charged an export duty on copper concentrate of 7.5% until December 31, 2023. Then the export duty will increase to 10% from January 2024 until May 31, 2024.