Indonesian Political, Business & Finance News

PT Timah Deposits Rp 1.62 Trillion to the State

| | Source: KOMPAS Translated from Indonesian | Economy
PT Timah Deposits Rp 1.62 Trillion to the State
Image: KOMPAS

PT Timah (Persero) Tbk has deposited Rp 1.62 trillion to the state throughout 2025 in the form of taxes and Non-Tax State Revenue (PNBP). The contribution from the MIND ID subsidiary increased by 106.9 per cent compared to 2024, which was recorded at Rp 855.04 billion.

PT Timah Corporate Secretary, Ruddy Nursalam, stated that the tax and PNBP contributions consist of various components, including income tax, value-added tax, land and building tax (PBB), royalties, export duties, and production levies required of the company as a mining business permit holder.

According to Nursalam, this increase in contribution demonstrates the company’s commitment to supporting state revenue while strengthening its role as a strategic national entity within the tin mining sector. He added that PT Timah focuses not only on the management and production of strategic minerals but is also committed to ensuring all corporate activities provide tangible benefits and contributions to the nation.

As a state-owned mining company, PT Timah is responsible for maintaining its contribution to state revenue through tax and PNBP deposits to support national development. “Contribution through taxes and PNBP is a manifestation of the company’s commitment to managing natural resources responsibly, so that the benefits can be felt by the community and the state,” said Nursalam.

Nursalam also ensured that PT Timah will continue to strengthen compliance and improve the effectiveness of the company’s financial management by prioritising good mining practices and sustainable corporate governance.

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