Deferred tax liabilities
e. Deferred tax liabilities
Credited/ (charged) to
(charged) to
comprehensive December 31,
profit or loss
income
Difference between commercial and tax base of property, plant and equipment
- - Pension and other post- retirement obligations
- - Short-term employee benefits liabilities
- - Accumulated impairment loss on exploration and evaluation assets
- - Provision for environmental and reclamation costs
- - Provision for receivables impairment
Gain on fair value adjustment (621,001,922)
Credited/ (charged) to
(charged) to
comprehensive December 31,
profit or loss
income
Difference between commercial and tax base of property, plant and equipment
- 147,894,426 Pension and other post- retirement obligations
19,990,004 201,875,661 Short-term employee benefits liabilities
- 37,872,132 Accumulated impairment loss on exploration and evaluation assets
- 24,806,135 Provision for environmental and reclamation costs
- 21,221,619 Provision for receivables impairment
- 6,056,424 Gain on fair value adjustment
* As restated, refer to Note 4 * As restated, refer to Note 4
During the six-month period ended June 30, 2015 the Company received several Tax Overpayment Assessment Letters (“SKPLB”), as follows:
- SKPLB regarding corporate income tax (“CIT”) covering fiscal year 2013 amounting to Rp266,320,773. The Company received the tax refund in May 2015. - SKPLB regarding Value Added Tax (“VAT”) covering the December 2012 period with a total amount of Rp21,375,916. The Company received the tax refund in July 2015.
During the year ended December 31, 2014, the Company received several SKPLB, as follows:
- SKPLB regarding CIT covering fiscal year of 2012 amounting to Rp400,941,384. The Company received the tax refund in April 2014. - Various SKPLB regarding VAT covering the period from January 2012 to November 2012 with a total amount of Rp228,281,556. The Company received the tax refund in June 2014.
During the year ended December 31, 2014, the Company received various Notification of Tax Due (“SPPT”) regarding Land and Building Tax of underground production for the fiscal year 2014 in Tanjung Buli amounting to Rp30,997,736. The Company paid the tax underpayment in 2014 and recognised it as expenses in the consolidated statement of profit or loss for the year ended December 31, 2014.
The Company disagrees with the SKPKB and filed a tax objection letter to Tax Office Pratama Tobelo. On April 2015, the Company received Decision Letter from DGT Regional North Sulawesi, Central Sulawesi, Gorontalo and North Maluku that reject the Company objection. On July 2015, the Company filed a tax appeal over the decision letter to the tax court.
During the year ended December 31, 2013, the Company received various SKPLB regarding VAT for the fiscal period from October 2011 to December 2011 with total amount of Rp51,142,566.
During the year ended December 31, 2012, the Company received various SKPLB regarding VAT for the fiscal period from October 2010 to September 2011 with total amount of Rp189,578,001.
The difference between the amount claimed by the Company and the amount refunded by the Tax Office was recognised in the profit or loss.
Based on the Customs Assessment Letter No. SPP-05/KPU.01/2012 dated February 13, 2012, the Company has the obligation to pay import duty, VAT and related interest totaling Rp47,858,790.
The Company paid the above assessment on July 25, 2012 and submitted an appeal on September 7, 2012. This payment was recorded as part of the prepaid taxes, in the consolidated statement of financial position.
On April 8, 2013, based on decree No. Put-45155/PP/M.XVII/19/2013, the Tax Court rejected the Company’s appeal. As at June 30, 2015, the Company is still preparing to submit a Judicial Review to the Supreme Court. However the amount that was previously recorded as prepaid taxes has been fully charged to the profit or loss in 2013.