ANNOUNCEMENT 08 Feb 2012In February 2012, the government of Indonesia announced a change in import duties.
NUMBER OF INTERVENTIONS
Regulation 27/PMK.011/2012 (in Bahasa Indonesia):
Regulation 27/PMK.011/2012 (in English):
On 8 February 2012, the Indonesian Ministry of Finance issued regulation 27/PMK.011/2012 exempting 'goods used for upstream oil and gas and geothermal business activities' (art. 2(3) let. m of regulation 27/PMK.011/2012; the Indonesian version of the regulation explicitly lists only exploration) from import duty.
The goods concerned may also be exempted from the Value Added Tax and the Luxury-goods Sales Tax should one of the following conditions of the following conditions be met:
The regulation came into force on the day of its issuance.