Menara Imperium, 27th Floor Jl. H.R. Rasuna Said Kav.1 Jakarta 12980 - Indonesia
+62 21 835 6363

Your Trusted Tax Advisor

konsultan pajak jakarta

tax consultant jakarta

transfer pricing service

corporate tax service

tax compliance service

international tax service

tax expert jakarta

UU Cipta Kerja

konsultan pajak surabaya

tax consultant surabaya

SPT Pribadi

Omnibus Law Perpajakan

Insentif Pajak Penghasilan

corporate tax return

individual tax return

tax verification service

tax audit service

Government launches tax exemption app for imported oil and gas equipment

  • By Admin
  • 17 October 2019

Six governmental bodies launched in Jakarta on Monday an application for oil and gas companies to apply for duty exemptions on imported exploration equipment.

The Finance Ministry said in a statement that the purpose of the app was to streamline and simplify the application process for the Finance Ministry Exemption Letter (SKEP).

“Most importantly, the [approval] waiting time is slashed from 42 working days to only 15 working days, which means we have reduced the waiting time by 50 percent,” said Mochamad Agus Rofiudin, who heads the ministry's National Single Window Agency.

The Finance Ministry issued the tax exemptions through regulations No. 177/2007, No. 178/2007 and No. 179/2007 to incentivize oil and gas exploration in the country. 

The prior regulation exempted exploration equipment from import duties on the condition that the equipment was neither produced in Indonesia nor produced in sufficient quantities.

“It just makes [the application process] faster,” commented acting oil and gas director general Djoko Siswanto of the Energy and Mineral Resources Ministry.

The app is called the Single Submission Fiscal Facility on Importing Items for Upstream Oil and Gas Activities.

Source: https://www.thejakartapost.com/news/2019/10/15/government-launches-tax-exemption-app-for-imported-oil-and-gas-equipment.html

Share