Wednesday, April 15, 2015

Hope Coal Company to Jokowi, There Policy 'Pay Tax Break'

President Joko Widodo (Jokowi) along with his Deputy Jusuf Kalla (JK) and a number of ministers, met with 20 employers mining, including coal. What hope coal company to Jokowi?
President Director of PT Bukit Asam Tbk (PTBA), Milawarma said, the policy of 'holiday pay taxes' or tax holiday could be implemented by the government, to stimulate the coal mining business, in the midst of today's price drops. So diligent businessman mining and exports increased.
"As an entrepreneur sure that the level of risk is high, then the pre-condition of funding and so on, certainly the easiest is given tax holiday," said Milawarma Jokowi after meeting at the State Palace, Jakarta, Wednesday (04/15/2015).
Mine the world situation today is uncertain, while the capital required large employers. This policy has been a common tax holiday granted many countries to stimulate the mining sector.
"Indonesia has implemented a tax holiday during pre-production, when the 10-year investment pay tax exempt. It is applied when Coal Mining Agreement (PKP2B) first generation, so that the coal industry was slow the massive investment because of the tax holiday," said Milawarma.
Not to mention, this time many emerging new technologies of coal processing, which require large investments. Need special treatment for coal miners in the country.
While the content of the meeting about the mine operators with Jokowi, Milawarma said, Jokowi accommodate all the problems complained of mine operators. Start of licensing overlap, falling exports, smelter, to the power plant.
"So in this case the President holds first, will be solved by the coordinating minister and ministers concerned," said Milawarma.
He expressed Indonesia could increase the capacity of the port, so that domestic coal can compete and beat Australia.
"Coal market that's 80% in the Asia Pacific region, such as Japan, China, South Korea, Taiwan, Vietnam, and India. Indonesia the location in the middle, if we have the same quality, then have the capacity of the port and ship yamg same size, we could be that determine the price, "said Milawarma.

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