ANNOUNCEMENT 15 Feb 2018
On 15 February 2018, the Indonesian Ministry of Finance issued regulation 17/2018 reducing the import duty on diamonds, software and car parts.
NUMBER OF INTERVENTIONS
Ministry of Finance regulation 17/PMK.010/2018 (in Bahasa Indonesia)
Baker McKenzie post on taxing software (in English)
On 15 February 2018, the Indonesian Ministry of Finance announced regulation 17/PMK.010/2018 scrapping the import duty on diamonds from the initial 5% and reducing the tariff on numerous parts of vehicles from 30 to 10%.
The regulation also contained information that the tariff on software would be 0%. However, software has been introduced for the first time in the Indonesian customs book and does not have a corresponding code number under the international HS code classification (HS9901 in the Indonesian). It has not been added as an affected product or sector, since software was previously also not subject to import duties.
The changes came into force on 1 March 2018.