tax on indonesia coal exports

Indonesia to subject coal to export tax -trade ministry |

By: Reuters
27th April 2012
Updated 2 hours 40 minutes ago

JAKARTA - Indonesia is to subject coal to an export tax to increase state revenues, prevent exploitation, protect the environment and maintain coal reserves, the director general of foreign trade in the trade ministry said on Friday.

Indonesia has said it would apply export taxes to other minerals, creating uncertainty in the country's large mining sector, but until now it was unclear whether coal would be included.

"We have come to the conclusion that coal has to be subjected to export tax," Deddy Saleh, director general of foreign trade at the trade ministry, told reporters on Friday.

"We need to apply export tax on coal to prevent over exploitation, to maintain our coal reserve, to protect our environment and to increase state earnings," he said.