The government has established 14 industrial estates in several areas outside Java to encourage equitable development. Several incentives were also given by the government to boost foreign investment in Indonesia. This includes Customs Facilities provided by the government through the customs authorities in relation to export-import activities that will provide benefits to the national economy.
Benefits can be obtained in various forms, such as speeding up the processing time of goods, simplifying procedures in processing goods, and reducing import duties. The facility is regulated in the Minister of Finance Regulation (PMK) number 105/2016; which includes, among others, providing tax and customs deduction facilities to corporate taxpayers operating factories located in Industrial Estates and Industrial Estate Companies conducting business activities in Industrial Development Zones (WPI). The facilities provided are exemption from import duty and/or excise, free Value Added Tax (PPN) and Sales Tax on Luxury Goods (PPnBM), and also exemption from Withholding Tax article 22 (PPh 22) on imported goods.
TaxPrime, as a tax consultant that has extensive experiences and qualified knowledge, provides consulting services and assistance related to taxation and customs. We are ready to help provide socialization and solutions to problems that our clients face in the field of taxation and customs.