Relaxation for Companies Receiving Facility for Import of Goods for Export Purposes amid Coronavirus Pandemic

The government through the Directorate General of Customs and Excise of the Minister of Finance grants additional incentives for companies receiving facility for import of goods for export purposes (KITE), in order to anticipate the impact of the Coronavirus on domestic industries and the availability of goods in the country. Such provision is set out in Regulation of the Minister of Finance Number 31/PMK.04/2020 regarding Additional Incentives for Companies Receiving Bonded Zone Facilities and/or Facility for Import of Goods for Export Purposes for Handling the Disaster Impact of Corona Virus Disease (Covid-19).

Based on the regulation, additional incentives for companies receiving KITE facilities include (a) exemption of Value Added Tax or Value Added Tax and Luxury Goods Sales Tax on the importation of goods from within the country to be processed for export purposes, (b) KITE companies may deliver the production results to be processed and/or combined with the production results of bonded zones and KITE companies for Small and Medium Industries (IKM), (c) companies with exemption KITE and KITE companies for IKM are allowed to sell domestic production results no more than 50% of the export value of the previous year, and (d) companies with exemption KITE and KITE companies for IKM may submit production results for the handling of Covid-19 disaster to the government or persons who obtain exemption from import duties and taxes in the context of domestic imports without reducing local sales quotas.

 

Sumber : LegalCentric

134/PMK.04/2019 Amendment To Regulation Of The Minister Of Finance Number 94/PMK.04/2016 Regarding Declaration On Completely Produced Excisable Goods
134/PMK.04/2019 Amendment To Regulation Of The Minister Of Finance Number 94/PMK.04/2016 Regarding Declaration On Completely Produced Excisable Goods

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