According to Indonesian media on December 16, 2022, Indonesia’s Minister of Investment and Maritime Affairs, Luhut Panjaitan, said that Indonesia is still studying whether to levy a tax on nickel exports, and does not intend to levy a tax immediately, because it may harm investors.
In a statement, he said that Indonesia still needs to carefully study this issue, and Indonesia has been looking for a “win-win” solution.
Luhut Panjaitan said that although the country did not want to drive away investors, it also wanted to maintain its competitiveness with other countries.
Earlier, Indonesian President Joko Widodo said that a nickel export tax might be imposed.
