Indonesia plans to hike tin royalty tariff, make it more progressive

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JAKARTA : Major tin exporter Indonesia is planning to raise the level of a royalty tariff imposed on the production of tin and bring in a progressive structure tied to international prices, a senior government official said on Tuesday.The plan was intended to increase government revenues from tin mining,

JAKARTA : Major tin exporter Indonesia is planning to raise the level of a royalty tariff imposed on the production of tin and bring in a progressive structure tied to international prices, a senior government official said on Tuesday.

The current royalty tariff for tin is set at 3 per cent and imposed on production but based on the sale price. Ridwan said the government wanted to charge higher tariffs when prices were rising.

 

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