ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
The regulation sets the legal framework for contracts with coal mining businesses, which allow the partial or full import duty relief as well as an exemption from the Value Added Tax for certain goods imported by the businesses. The regulation does not provide such a list of goods but the exempted products need to be on a clearly specified and restricted "masterlist established by the Head of the Capital Investment Coordinating Board or an official appointed on behalf of the Minister" (art. 3(1) of the regulation).
The masterlist will be specific to every contract signed by a coal mining business with the Indonesian government. The list shall include the following information:
The regulation came into force on 4 February 2017.
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