The government plans to raise the royalty on tin in a bid to gain more revenue amid surging commodity price, the Energy and Mineral Resources Ministry said on Tuesday. In doing so, the government will replace the previous flat royalty of 3 percent of the selling price – based on Government Regulation No. 81/2019 – with a progressive rate that increases with higher prices obtained by producers.

This article was published in thejakartapost.com with the title "Govt plans to raise tin royalty, ban ingot exports". Click to read: https://www.thejakartapost.com/business/2022/06/22/govt-plans-to-raise-tin-royalty-ban-ingot-exports.html.

Download The Jakarta Post app for easier and faster news access:
Android: http://bit.ly/tjp-android
iOS: http://bit.ly/tjp-ios