30 September 2022
PT Freeport Indonesia (PTFI), through its Corporate Communications Vice President, Riza Pratama, confirmed the IDR7 trillion funds owed to Papua that was previously conveyed by the company’s President Director, Tony Wenas, during a Hearing Meeting (RDP) with Commission IV of Indonesia’s House of Representatives on Tuesday, September 27, 2022. Riza Pratama said that the fund’s context is related to PTFI’s obligations under the Special Mining Business License (IUPK).
Riza Pratama said that the change in PTFI’s operating license from the Contract of Work (CoW) to the Special Mining Business License (IUPK) provides legal and fiscal certainty for PTFI until 2041. Therefore, it can be assumed that the total state revenue after the implementation of IUPK will be higher than the CoW. “Higher total state revenue is possible to be achieved when we implement IUPK. This is because the legal posture where the IUPK regulations are stated is supporting this matter,” said Riza Pratama to seputarpapua.com, Friday (9/30/2022).
Furthermore, what Riza Pratama and Tony Wenas have conveyed is also regulated in the Mineral and Coal Mining Law (UU Minerba), where companies have to pay ten percent of their net profits to the state, with a share of four percent for the Central Government and six percent for the Regional Government. “Based on the figure, PTFI’s contribution to the Papua Province, Mimika Regency, and other regencies or cities in Papua Province will reach around IDR6–7 trillion per year,” Riza Pratama explained.
Previously, the Head of the Regional Revenue Agency (Bapenda) Mimika, Dwi Cholifah, explained that since the transition from CoW to IUPK occurred, there has been an increase in revenue for the state, Mimika Regency, Papua Province, and other regencies or cities in Papua Province. The revenues include the Mining Land and Building Tax (PBB) and a 2.5 percent dividends for mining regions, which are based on the Mineral and Coal Mining Law No. 3/2020, which was only implemented in 2021. There is also an increase in Coal and Mining Revenue Sharing Funds (DBH), which is parallel with PTFI’s increased production.
Dwi Cholifah continued that there is also a type of revenue that has not been realized by PTFI, namely the divestment of shares by ten percent, with a share of seven percent for Mimika and three percent for Papua Province. “Indeed, if this is realized, it will increase Mimika Regency’s revenue,” Dwi Cholifah said. Furthermore, Dwi Cholifah said that all regional revenues that are directly transferred from PTFI to the Mimika Regency regional treasury account have proof of transfer. On the other side, the Revenue Sharing Funds (DBH) is processed through the mechanism for distributing regional transfer funds from the state general treasury account to the Mimika regional general treasury account.
The following is the realization of PTFI’s revenues from 2020–2022, which are received by the Mimika regional treasury account from the regional tax sector, including Coal and Mining Revenue Sharing Funds (DBH) and Land Rent, Revenue Sharing Funds of Mining Land and Building Tax (DBH-PBB), Income Tax (PPh), and dividends of 2.5 percent, which started to be paid in 2021.
“It can be concluded that the IDR7 trillion funds are not only for Mimika, but the Papua Province as a whole,” Dwi Cholifah said.
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