5 Major Developments in Indonesia

5 Major Developments in Indonesia

• Customs – Voluntary declaration and voluntary payment mechanism

• Mechanism To Designate Foreign And Domestic E-Commerce Providers As VAT Collectors.

• Indonesia reconfirms and clarifies non-VATable goods and services

• VAT on transfer of collateral acquired by creditor to the buyer of collateral

• Implementation guidelines for tax facility in Special Economic Zones

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Customs

• Decree: Determination of Export Prices for Calculation of Export Duty

• Customs – Voluntary declaration and voluntary payment mechanism

• Intangible goods – New import declaration procedure

• European Union & Indonesia: EU increases actions against Indonesian imports

Deduction (Input Tax Credit)

• VAT Incentive for Electric Cars Available until December: Official

E-Commerce / Electronic Services

• Mechanism To Designate Foreign And Domestic E-Commerce Providers As VAT Collectors.

Exemption

• VAT on the sales/delivery of gold jewelry, gold bars, jewelry crafted entirely from non-gold material, gemstones and/or other similar stones, as well as services related to gold jewelry, gold bars, jewelry crafted entirely from non-gold material, and/or gemstones and/or other similar stones

• Govt Raises Price Limit of Subsidized Houses that are Exempt from VAT

• Tax-related incentives for activities in new capital city – Nusantara

Export

• Decree: Determination of Export Prices for Calculation of Export Duty

Importation

• Intangible goods – New import declaration procedure

Legislative Change

• Updated guidance about sale of Gold Jewelry, Gold Bars, Jewelry etc. and related services

• VAT on the delivery of foreclosed assets by a creditor to a buyer

Rate

• VAT on the sales/delivery of gold jewelry, gold bars, jewelry crafted entirely from non-gold material, gemstones and/or other similar stones, as well as services related to gold jewelry, gold bars, jewelry crafted entirely from non-gold material, and/or gemstones and/or other similar stones

• A Guide to Value Added Tax in Indonesia

• New VAT facility introduced for battery-based electric vehicles

• VAT incentive for electric cars available until December: official

• Indonesia lowers VAT on electric vehicles to 1%

Real Estate/Immovable Property

• Govt Raises Price Limit of Subsidized Houses that are Exempt from VAT

Refund

• A Guide to Value Added Tax in Indonesia

Reporting / Compliance

• VAT on transfer of collateral acquired by creditor to the buyer of collateral

• Further guidance issued on VAT treatment of supply of foreclosed collateral

• Value Added Tax on Delivery of Collateral Taken Over by Creditors to Collateral Purchasers

Taxable Transaction

• Indonesia reconfirms and clarifies non-VATable goods and services

• Further guidance issued on VAT treatment of supply of foreclosed collateral

Territory

• Implementation guidelines for tax facility in Special Economic Zones

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