Indonesia imposes 20% export tax on Gold, Silver and Platinum

from Bullion Street:


JAKARTA(BullionStreet): Indonesia has decided to retain gold, silver and platinum in the list of minerals enforced with a 20 percent export tax but coal is exempted.

A total of 65 mineral categories has been included in the list which is expected to provide the government an additional revenue up to $2 billion.

The minerals include antimony, bauxite, chromium, copper, , iron ore, iron sand, lead, manganese, molybdenum, nickel, and tin apart from gold, silver and platinum.

Indonesia’s Finance ministry said the regulation would assist the government in properly listing and managing mining export performance in the country.

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