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Due to contract renegotiation, Indonesia may lose Rp 1.82 trillion in taxes paid by Freeport

19 Sep 2019 13:09

The audit conducted by the Audit Board of the Republic of Indonesian (BPK) on the Central Government Financial Report (LKPP) for the 2018 fiscal year, found that a memorandum of understanding (MoU) regarding the renegotiation of the extension of the Freeport contract in 2015 contradicted the export duty tariff set by the Ministry of Finance. As a result, Indonesia may lose Rp 1.82 trillion.

Due to contract renegotiation, Indonesia may lose Rp 1.82 trillion in taxes paid by Freeport