The Plan for Implementing a Carbon Tax Is Assessed To Make the Coal Investment Climate Worse
The government plans to collect a carbon tax of IDR 75 per kilogram (Kg) of carbon dioxide equivalent (CO2e) or equivalent units.
The goal is to optimize state revenues while controlling environmental pollution caused by carbon emissions. This policy is contained in the fifth amendment to Law (UU) Number 6 of 1983 concerning General Provisions and Tax Procedures (KUP). This regulation is planned to be discussed as soon as this year because it has been stipulated in the National Legislation Program (Prolegnas) by the parliament. Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia said the policy plan would clearly burden coal companies. According to him, this will be a new burden for the company, after previously coal was also subject to a 10% value added tax (VAT) after Law Number 11 of 2020 concerning Job Creation was enacted late last year. Hendra said the new tax levy would significantly affect the company's profit. One-third of the money will have a bad impact on the coal investment climate, and the company's investment plans going forward. "In the end it can affect the company's investment plan which will transition to more environmentally friendly energy,"
|•SOURCE•| Articles :POLITICS | Image :PAJAK |
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