Freeport Indonesia's Tax Value Payments Since 2010

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Erlina Fury Santika 13/01/2025 15:10 WIB

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PT Freeport Indonesia reported US$2.03 billion in tax and other levy payments in 2023.

Taxes and Other Levies* PT Freeport Indonesia (2010-2023)

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Taxes and Other Levies* PT Freeport Indonesia (2010-2023)

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Freeport Indonesia (PTFI) has compiled the value of taxes and other levies paid over the past decade.

Other levies refer to corporate income tax (PPh Badan), Value Added Tax (PPN), Land and Building Tax (PBB), fixed contributions, employee income tax (PPh Karyawan), Regional Gross Domestic Product (PDRB), import duties, regional taxes and levies, and so on.

In 2010, the value of taxes paid amounted to US$1.56 billion. A year later, it increased to US$1.99 billion.

However, from 2012 to 2017, taxes paid were less than US$1 billion, ranging from US$200 million to US$900 million, as shown in the graph.

Substantially higher payments were made from 2021 to 2023, ranging from US$1 billion to US$2 billion.

The largest contribution over the last decade was in 2022, amounting to US$2.62 billion.

Freeport Indonesia claims its contribution to the Indonesian Gross Domestic Product (GDP) exceeds US$71 billion since 1992.

Citing findings from LPEM-UI, Freeport Indonesia states that the company contributed 0.78% to Indonesia's GDP in 2018; 33% to the Regional GDP (PDRB) of Papua Province, and 79.27% to the Regional GDP (PDRB) of Mimika Regency in the same year.

(Also read: Since Indonesia Took Control, Freeport's Gold Reserves Continue to Decline)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Freeport Indonesia's Tax Value Payments Since 2010

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