Duty Exemptions for Geothermal Equipment for pre-Geothermal Law Joint Operations Contracts

The Minister of Finance has finally rectified the disparity between post and pre-Geothermal Law joint operation contracts with the confirmation of Ministerial Regulation No. 78/PMK.010/2005.

The duty exemption is granted to the contractor of the joint operations contract for the length of the joint operations contract. To gain the exemption the contractor is required to submit an application to the Director General of Customs. This application will include a Goods Import Plan (RIB) and will include among other data: the company name; the tax-payer number; the contract; the contract area; the intended goods; cost estimations; and the name of the head of the company.