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Indonesia: Government exempted Import duties, VAT and PPNBM for geothermal companies

Description

On 31 December 2019, the Ministry of Finance of Indonesia issued Regulation No.218/PMK.04/2019, granting a tax concession to geothermal companies in the form of import tax exemption on wells, steams, ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Dec 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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