JAKARTA - The Ministry of Finance (Kemenkeu) has officially released Minister of Finance Regulation (PMK) Number 17/PMK.02/2022 concerning Types and Tariffs of Non-Tax State Revenues for Urgent Needs in the Form of Fines and Compensation Funds for Fulfilling Domestic Coal Needs.
This regulation was signed directly by the Minister of Finance Sri Mulyani on March 1, 2022 and was promulgated on March 2, 2022.
The determination of this PMK is in line with the national policy of prioritizing minerals and/or coal for domestic interests as regulated in Article 5 of Law Number 3 of 2020.
The Ministry of Finance's Director General of Budget Isa Rachmatarwata said the government had determined that the holder of a Mining Business Permit (IUP) or a holder of a Special Mining Business Permit (IUPK) could sell overseas after domestic coal needs were met.
"This is in accordance with the President's directive which states that the fulfillment of domestic coal needs must be met, especially for the public interest," he said in a press statement, quoted Tuesday, March 22.
According to Isa, the purpose of the regulation is to ensure that the supply of mineral and coal, especially coal, can be sufficient for domestic interests (for PLN, cement industry, and other industries) before being exported abroad.
"However, there are still companies that have not complied, which causes coal to be not always available in sufficient quantities domestically, so that domestic industries experience a shortage of raw materials for their operations," he said.
Isa added that this PMK more clearly regulates the imposition of sanctions for companies that violate the provisions in the form of imposition of fines or compensation funds.
If you don't comply with the contract, you will be fined. Meanwhile, those who have the obligation to fulfill domestic coal requirements but do not have a contract with the domestic industry and sell all of their production abroad (for example, considering that the specifications of coal produced by the IUP or IUPK holders are not in accordance with the needs of the domestic industry), then compensation can be given," he explained.
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The main substance of this PMK consists of five origins, with the following details:
Article 1 Types of Non-Tax State Revenues that apply to the Ministry of Energy and Mineral Resources in the context of fulfilling domestic coal needs consist of fines and compensation funds. inseparable from this Ministerial Regulation.
Article 3 All Non-Tax State Revenues in the form of fines and compensation funds for fulfilling domestic coal needs at the Ministry of Energy and Mineral Resources must be deposited into the State Treasury.
Article 4 The procedure for imposing fines and compensation funds for meeting domestic coal needs is determined by the minister who administers government affairs in the energy and mineral resources sector in accordance with the provisions of the laws and regulations governing Non-Tax State Revenue.
Article 5 This Ministerial Regulation shall come into force on the date of promulgation.
"The issuance of this PMK is expected to be a tool to increase the compliance of companies holding IUP or IUPK to carry out their obligations to meet coal needs for domestic purposes," concluded Isa.
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