Indonesia raises export duties on copper, iron, zinc and lead

Export tariffs will depend on the progress of smelter construction. Companies with more than 50% smelter construction will be allowed to continue exporting mineral concentrates until mid-2024 on the grounds that they have paid the export tariffs.

For the copper sector, the export tax rate is 10% for miners with a completion rate of 50% or more but less than 70%. Miners with a completion rate of 70% or more but below 90% must pay 7.5%, and miners with a smelter completion rate of 90% or more will be subject to a tax rate of 5%.

In addition, the export tax rate for iron, zinc and lead concentrates will be increased from 2.5% to 7.5% based on the same completion rate of smelters.

The implementation will be effective from July 17 to December 31, 2023, and the tax rate will be further increased in January 2024.