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11 May 2010

Indonesian port operator pays $265m in taxes

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PT Freeport Indonesia had paid US$265 million in financial obligations to the government for the first quarter of this year, reported the Jakarta Post, quoting the company.

It said the quarterly payment comprised $92 million in corporate income tax, $31 million in employee income tax, regional taxes and other taxes and $67 million in royalties and $75 million in government dividends.

The amount of quarterly payment fluctuated as a result of commodity prices, sales and metal production rates, it said in a press statement.

Under its financial obligations as set out in the 1991 Contract of Work, from 1992 to March 2010, Freeport Indonesia has paid a total of $9.7 billion to the central government.

This sum is made up of payments for corporate income tax totaling $5.8 billion, $1.9 billion in employee income tax, regional taxes, and other taxes, $1 billion in royalties, and $1 billion in dividends.


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