Swedish Consulate – PT Timah (Persero) Tbk (TINS) has reported its significant contribution to the national economy by fulfilling its tax and non-tax state revenue (PNBP) obligations in the first half of 2024.
Between January and June 2024, PT Timah fulfilled tax and PNBP obligations amounting to IDR 286.242 billion. This contribution includes various types of taxes, such as Income Tax (PPh), Value Added Tax (PPN), and Land and Building Tax (PBB), as well as PNBP obligations related to the mining sector.
“We recognize that as a company operating in a strategic sector. We bear a significant responsibility to positively impact the nation. Our tax and PNBP payments are a tangible expression of our commitment to supporting the government in achieving sustainable and inclusive development,” said Anggi in a statement on Monday, August 26, 2024.
Anggi further noted that PT Timah’s tax and PNBP contributions not only play a crucial role in boosting state revenue. But also support various government development programs. The revenue from taxes and PNBP is used to fund a range of projects, including infrastructure, education, healthcare, and social welfare programs aimed at improving the quality of life for the Indonesian people.
“The company ensures that all tax and PNBP obligations are met promptly and in compliance with the prevailing regulations,” he added.
He emphasized that this not only reflects the company’s commitment to regulatory compliance but also demonstrates its integrity and professionalism in conducting its business.
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PT Timah Tbk’s Tax and PNBP Contributions Over the Past Five Years:
- 2019: IDR 1.20 trillion
- 2020: IDR 677.93 billion
- 2021: IDR 777.09 billion
- 2022: IDR 1.51 trillion
- 2023: IDR 888.72 billion
Financial Stability
The timely settlement of bonds and sukuk illustrates the company’s strong financial stability. PT Timah’s commitment to maintaining investor confidence. This action is also part of a sustainable financial management strategy expected to positively impact TINS’s financial performance in the future. Particularly concerning interest savings and the company’s financial ratios.
“We extend our gratitude to the investors who have placed their trust in the company. This achievement not only reflects solid financial performance. But also our dedication to upholding integrity and accountability in every business decision we make,” he stated.
With the completion of bond and sukuk settlements, the company will continue to focus on its long-term strategic plans. PT Timah will keep optimizing its investment portfolio and pursuing new business development opportunities.
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