Global Trade Alert
Global Trade Alert

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

Announcement

31 Dec 2019

In December 2019, the Ministry of Finance of Indonesia exempted import duties, VAT, and the Sales Tax on Luxury Goods (PPNBM) on products used by geothermal companies.

Source

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Number of interventions

6

3 certainly harmful

0 likely harmful

3 liberalising

List of interventions

6 in force

Implementation date

31 Dec 2019

Revocation date:

No revocation date

Import tariff In force

On 31 December 2019, the Ministry of Finance of Indonesia issued Regulation No.218/PMK.04/2019, exempting import duties on products used by geothermal companies. The approved PPNBM exemption only appl...

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Internal taxation of imports In force

On 31 December 2019, the Ministry of Finance of Indonesia issued Regulation No.218/PMK.04/2019, exempting VAT on the importation of products used by geothermal companies. The approved PPNBM exemption ...

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Internal taxation of imports In force

On 31 December 2019, the Ministry of Finance of Indonesia issued Regulation No.218/PMK.04/2019, exempting the Sales Tax on Luxury Goods (PPNBM) on the importation of products used by geothermal compan...

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Implementation date

31 Dec 2019

Revocation date:

No revocation date

Tax or social insurance relief In force

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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Tax or social insurance relief In force

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 VAT exemption on the importation of wel...

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Tax or social insurance relief In force

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 the Sales Tax on Luxury Goods (PPNBM) e...

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