Amman Mineral Deposits IDR 437 Billion In Revenue Sharing Funds For The NTB Provincial Government

Illustration. (Photo: Doc. Antara)

PT Amman Mineral Nusa Tenggara as the holder of a special mining business permit for production operations (IUPK-OP) deposited a profit-sharing fund from land utilization benefits to local governments in the West Nusa Tenggara (NTB) region worth a total of IDR 437 billion.

President Director Amman Rachmat Makkasau in a written statement Wednesday, March 6, said the payment deposit was part of the implementation of the mandate of Article 129 of Law Number 3 of 2020 concerning Amendments to Law Number 4 of 2009 concerning Mineral and Coal.

"One of these regulations regulates the obligation to pay six percent to local governments from net profit since production," he said.

According to him, the settlement of this payment is a form of the company's commitment to always comply with all applicable laws and regulations.

He said that Amman's profit from mining operations could not be separated from government support, ranging from the central to regional levels.

"Therefore, we hope to continue to get support for the smooth business and operations of the company so that it can provide benefits for the national and regional economy, so that it can further improve the welfare of the community, especially in the mining circle," he said.

He conveyed that the profit-sharing payment was a contribution of companies outside of royalty taxes that had been routinely paid.

Last week, he explained, Amman received an award from the Directorate General of Taxes through the Sumbawa Besar Pratama Tax Service Office as the largest taxpayer.

In addition, he said, the company also received an award as the Best Tax Revenue Supporting Agency. This award was obtained thanks to payment compliance and tax reporting, as well as the value of tax payments during the 2023 fiscal year.