Saturday, September 02, 2006

Gov't ordered to annul coal export tax

Supreme Court has ordered government to annul the 5% coal export tax, newspapers reported today.

Government is also ordered to return the collected tax to coal exporters, Kompas daily quoted the Supreme Court verdict in August 22 on petition filed by Indonesian Coal Mining Association (ICMA) over Minister of Finance decree No. 95 and No. 131/2005. Government imposed 5% tax on coal export since late last year amid protest from coal producers. Indonesia's coal export is predicted well above 100 million tones this year.




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