Indonesian cement company PT Indocement Tunggal Prakarsa in Tarjun, South Kalimantan, finally settled its tax arrears of about Rp3 billion (US$327,000) on quarrying-C mining business, after the local government refused the company’s tax deduction request.

Head of the regional Revenue, Finance and Asset Management of Kotabaru district, H Achmad Chairansyah said here Wednesday that his office has received the tax arrears payment from PT. Indocement Tunggal Prakarsa or ITP cement factory.
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