In December 2022, the Indonesian Minister of Finance (MOF) issued a new regulation on imported goods for use (barang impor untuk dipakai), i.e., MOF Regulation No. 190/PMK.04/2022 (“MOF Regulation 190“), which came into force on 13 January 2023. One of the notable highlights of MOF Regulation 190 is the new import declaration procedure for intangible goods (e.g., digital goods). This is a significant update because the previous regulations did not include provisions on this.
Source: globalcompliancenews.com
Latest Posts in "Indonesia"
- Indonesia Extends Full VAT Relief on Housing Purchases Through 2026 to Boost Economy
- Indonesia, EU Finalize Free Trade Agreement to Counter US Tariffs
- Indonesia Extends VAT Incentives for Real Estate and Construction Sectors
- EU and Indonesia conclude negotiations on free trade agreement
- Indonesia Extends VAT Exemption for Home Purchases Until 2026