JAKARTA - The government announced that it would establish a state-owned enterprise (BUMN) specifically for exports to strengthen supervision and optimize state revenues.
This policy is also aimed at suppressing various practices of irregularities in export transactions which have been considered detrimental to the country.
"Regarding the Government Regulation (PP) announced earlier by the President. It is indeed a sale rather than the results of the natural resource community. It will pass through the state that will be referred to is the state-owned enterprise that is referred to. The purpose of this policy is to prevent under-invoicing and transfer pricing that have occurred so far," said Bahlil at The 50th IPA Convention & Exhibition (Convex) Event at ICE BSD, Tangerang, Wednesday, May 20.
Bahlil emphasized that the policy was part of an effort to implement the mandate of the 1945 Constitution, especially Article 33, which has not been optimally implemented.
"This policy is also an implementation of Article 33 of the 1945 Law. Which indeed must be implemented by the state. So this is not a new thing. But so far this order has not been carried out. By President Prabowo, he considers this as the most important part in order to carry out Article 33 of the 1945 Law purely and consequentially," he continued.
Bahlil emphasized that this one-door export policy would only be applied to strategic commodities in the mineral and coal sectors. The oil and gas sector is not included in the scope of this policy.
"I bring a message based on in-depth knowledge and objective information, so the President decided that the upstream sector of the PP oil and gas sector did not apply. So there is no doubt, so business (oil and gas) is as usual," explained Bahlil.
In addition to the Special Export SOEs, the upstream oil and gas sector is also exempt from the obligation to place the Foreign Exchange from Export Results (DHE) into the State-Owned Bank Group (Himbara). Bahlil said that for the oil and gas sector, the government still provides certainty of the rules so that business actors do not have to worry.
"DHE and the export results of the President say please use it, you don't need to use PP. So don't worry. This guarantees the certainty of the rules in our country regarding oil and gas," said Bahlil.
Bahlil explained that the policy was taken into account that most of the sale of oil and gas was made for domestic needs, while sales to the export market were generally bound by long-term contracts.
"Another thing is that this has been agreed upon before the plan of development (POD), the negotiation between the government and the developer," he explained.
Previously, President of the Republic of Indonesia Prabowo Subianto in the DPR RI Plenary Meeting announced the establishment of a Special Export SOE through PT Danantara Sumberdaya Indonesia (PT DSI). Through this new body, export activities of coal, palm oil, and ferro alloys will be carried out.
President Prabowo explained that this Special Export SOE would carry out its function as the sole exporter for strategic commodities that have been determined.
"We require that it be sold through SOEs appointed by the Government of the Republic of Indonesia as the sole exporter. In the sense, the proceeds from each export sale will be forwarded by the SOEs appointed by the Government to the business operators managing the activity. This can be said as marketing, marketing facility," he explained.
Prabowo added that the purpose of the establishment of this Export SOE is to strengthen supervision and monitoring, as well as eradicating the practice of under invoicing, transfer pricing, and export earnings foreign exchange evasion.
"This policy will be able to optimize tax revenue and state revenue from the management and sale of our natural resources. We don't want to be lied to anymore, we want to know exactly how much of our wealth is sold. I believe and believe, every citizen, every leader who has common sense, who has intelligence, who has conscience, who has a sense of love for the country. I believe and believe, will not allow our natural wealth to continue to be managed without supervision, without control," said Prabowo.
The policy of appointing export SOEs like this is not new, but has also been implemented in a number of friendly countries such as Saudi Arabia, Qatar, Russia, Algeria, Kuwait, Morocco, Ghana, and even neighboring countries such as Malaysia and Vietnam.
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