Indonesia’s Ministry of Trade (MoT) issued MoT Reg 17/2021 in April 2021, which sets out the criteria for qualifying as a reputable exporter and importer in Indonesia and the benefits it entails.
Among the benefits is the instant approval of business licenses, such as export approvals and import approvals as well as the removal of surveyor report requirements for mandatory commodities.
MoT Reg 17/2021 is an implementing regulation to Government Regulation 29 of 2021 (GR 29/2021), which was enacted in early 2021 to simplify regulations in Indonesia’s trade sector. GR 29/2021 is also an implementing regulation of the Omnibus Law.
Source Asean briefing
Latest Posts in "Indonesia"
- Indonesia’s Coretax System: Full E-Invoicing Enforcement by Dec 31
- Indonesia to Impose Gold Export Duties, Aiming for $180 Million Revenue Next Year
- Indonesia Mandates Coretax E-Invoicing for All VAT Taxpayers by End of 2025
- Briefing Document: Indonesia’s E-Invoicing and E-Reporting
- Indonesia moves forward with Coretax and new e-invoicing rules
