Jakarta, IndonesiaSentinel.com — The Indonesian Coal Mining Association (APBI) has revealed the government’s plan to establish a new agency, called the Mitra Instansi Pengelola (MIP), to collect fees from coal companies. These fees are expected to be substantial.
F. Hary Kristiono, Deputy Secretary General of APBI, mentioned that the fee amounts are anticipated to be high due to four key obligations: Value Added Tax (VAT), operational costs for the state-owned banks (Himbara), service fees, and reserve funds.
“The amount is expected to be significant due to the VAT obligation, operational costs for Himbara, service fees, and reserve funds. These four components will be part of the compensation fund managed by Himbara,” Kristiono explained during an interview with CNBC Indonesia on the Mining Zone program, quoted on Wednesday, August 28, 2024.
Kristiono noted that this development is the result of discussions between APBI and the government that have been ongoing since last year. These talks also covered the involvement of Himbara, which will manage the collection and distribution of these fees. Himbara consists of three banks: Bank Mandiri, BNI, and BRI.
“Himbara currently includes three banks, not just Bank Mandiri, but also BNI and BRI, which will be designated as the managing banks,” he added.
Furthermore, Kristiono expressed his aspiration for the government to allow the state-owned banks to manage the foreign exchange earnings (DHE) from natural resources in Indonesia. This could potentially reduce operational costs, service fees, and reserve funds.
“During our meeting last year, we suggested that DHE should also be stored in Himbara banks, making them national banks. This could help reduce operational costs, service fees, and reserve funds for these banks,” he said.
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Kristiono hopes that the government will establish clear and transparent regulations governing the domestic coal MIP.
“The most important thing is to ensure transparency, as this will be a Presidential Regulation (Perpres). We hope to have the opportunity to discuss and influence the Ministerial Decrees (Kepmen), and the Finance Ministry Regulations (PMK) regarding how to collect and manage these funds, especially considering the involvement of DHE,” Kristiono concluded.
(Ray)
