The Indonesian Ministry of Finance(“MoF”) has issued MoF Regulation No.33 PMK.010/2021 (“PMK-33”) as animplementing regulation for GovernmentRegulation (“GR”) No. 40 Year 2021 in lieuof PMK-237 PMK.010/2020 (“PMK-237”).This regulation provides a more detailedexplanation on the criteria of facilities tobusiness entrepreneurs doing business inSpecial Economic Zones (Kawasan EkonomiKhusus or “KEK”), the requirement of ITinfrastructure and expansion of VAT facilitiesfor certain transactions.
Source: bdo.my
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