Govt. Updates Procedures for the Granting of PPN Exemptions for Imports/Transfers of Certain Taxable Goods

The Minister of Finance (“Minister”) recently issued Regulation No. 115/PMK.03/2021 on Procedures for the Securing of Value-Added Tax Exemptions for Imported Goods and/or Transfers of Certain Taxable Goods Which Are Strategic in Nature, Value-Added Tax Payment Procedures for Taxable Goods Exempted from Value-Added Tax and That Are No Longer Utilized in Accordance with Their Initial Uses or That Are Handed Over, and Sanctions for Late Payments of Value-Added Tax (“Regulation 115/2021”), which through its promulgation has now repealed and replaced the previous framework of Regulation of the Minister No. 268/PMK.03/2015, which addressed similar matters (“Regulation 268/2015”).[1]