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Indonesia News: Industry and Government Collaborate to Drive Industrial Estate Transformation
Indonesia
The Indonesian Industrial Estate Association (HKI) has partnered with the National Development Planning Agency (Bappenas) to promote the transformation of industrial estates in response to economic
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The Indonesian Industrial Estate Association (HKI) has partnered with the National Development Planning Agency (Bappenas) to promote the transformation of industrial estates in response to economic
Indonesia Update: Government Launches 55 Infrastructure Projects to Private Sector
Indonesia
The Ministry of Public Works (PU) plans to launch 55 infrastructure projects to the private sector through the Government and Business Entity Cooperation (KPBU/PPP) scheme, targeting financing of IDR 651.46 trillion. This aims to cover 34.19% of the USD 117.18 billion infrastructure funding gap in the 2025-2029 National Medium-Term Development Plan.
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The Ministry of Public Works (PU) plans to launch 55 infrastructure projects to the private sector through the Government and Business Entity Cooperation (KPBU/PPP) scheme, targeting financing of IDR 651.46 trillion. This aims to cover 34.19% of the USD 117.18 billion infrastructure funding gap in the 2025-2029 National Medium-Term Development Plan.
List of goods and services exempt from 12% value-added tax in Indonesia is coming
List
Indonesia - Value added tax (VAT) is currently 11% and will increase to 12% starting next year. This is in line with the provisions of Law No. 7 of 2021 on Harmonizing Tax Regulations (HPP).
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Indonesia - Value added tax (VAT) is currently 11% and will increase to 12% starting next year. This is in line with the provisions of Law No. 7 of 2021 on Harmonizing Tax Regulations (HPP).
List of goods exempt from import tariffs or value-added tax starting next year
List
The Minister of Finance exempts certain imported goods from import tariffs and/or value-added tax (VAT), including aircraft spare parts, scientific and technological books, coffins, or other packages containing corpses or ashes
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The Minister of Finance exempts certain imported goods from import tariffs and/or value-added tax (VAT), including aircraft spare parts, scientific and technological books, coffins, or other packages containing corpses or ashes
Indonesia Investment Coordinating Board officially trials one-stop investment service
Indonesia
According to the Jakarta Post of January 14, Indonesia's Investment Coordinating Board will launch a "one-stop" investment licensing system for 15 major Indonesian provinces from today. At the end of this month, the new investment licensing mechanism will be formally launched.
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According to the Jakarta Post of January 14, Indonesia's Investment Coordinating Board will launch a "one-stop" investment licensing system for 15 major Indonesian provinces from today. At the end of this month, the new investment licensing mechanism will be formally launched.
The Indonesian Ministry of Trade stipulates that the export of major commodities must be settled by L/C
The
Indonesia's trade ministry has decreed that exports of coal, palm oil, oil, gas and minerals must be processed using letters of credit, the Jakarta Post reported on January 16. These four categories accounted for 41 percent of total exports from 2009 to 2013, averaging about $71.04 billion annually. In accordance with this provision, the price of the credit will reflect the actual export transaction price.
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Indonesia's trade ministry has decreed that exports of coal, palm oil, oil, gas and minerals must be processed using letters of credit, the Jakarta Post reported on January 16. These four categories accounted for 41 percent of total exports from 2009 to 2013, averaging about $71.04 billion annually. In accordance with this provision, the price of the credit will reflect the actual export transaction price.
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