Cempaka Business and Economy: Government to scrap VAT on coal

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, October 24, 2007

Government to scrap VAT on coal

Urip Hudiono, The Jakarta Post, Jakarta

Following a protracted debate over the various duties on coal, the government says it will scrap the value-added tax (VAT) on the commodity.

The Finance Ministry's director general for taxation, Darmin Nasution, said in the latest proposed amendment of the VAT law coal would be excluded from the list of taxable goods, effectively exempting the commodity from the 10 percent tax.

The tax exemption, which is expected to provide more certainty for businesses in the sector, will still not apply to products derived from coal, Darmin said.

"There's always been a dispute over the VAT on coal, because in 1983 it was non-taxable then in 2000 it was taxable," he said Tuesday.

"We have now suggested coal be non-taxable again."

Being non-taxable, the government can simply collect royalties from coal producers without having to provide restitution -- or tax refunds -- for certain production facilities.

Darmin did not say how the tax exemption on coal might affect tax revenue. The government expects to collect some Rp 152 trillion in VAT revenue for this year and Rp 186 trillion for 2008.

A debate over the exact duties on coal arose in 2000 when a government regulation stipulated coal was non-taxable, which contradicted the VAT law at the time, which said the commodity was taxable.

This resulted in complaints from coal producers, who did not know how to claim tax refunds, affecting their cash flow and increasing production costs on facilities that had previously enjoyed tax incentives.

In reaction, many coal producers decided to withhold royalty payments to the government, which as of last year amounted to some Rp 5.4 trillion ($600 million).

The situation has been further aggravated because since 2005 the government has imposed a 15 percent tax on the commodity to ensure supply for the domestic market.

Demand for coal -- both for export and domestic use -- has been on the rise.

Indonesia, among the world's largest coal producers with 193 million tons in 2006, exported $4.6 billion worth of coal in from January to August, 2007, up 17 percent from the same period last year.

Local demand has risen in line with the government's energy diversification campaign to use more coal and gas rather than oil for industrial uses and power generation.

Cempaka Business and Economy

Pages

Wednesday, October 24, 2007

Government to scrap VAT on coal

No comments:

The Jakarta Post: Review/Outlook 2010