New Provisions on Notifications of Completely Produced Excisable Goods to Come into Force on 14 February 2023

In an effort to support the ease of doing business and ease of administration, as well as to implement certain provisions set under Law No. 39 of 2007 on the Amendment to Law No. 11 of 1995 on Excise,[1] the Minister of Finance (“Minister”) has issued Regulation No. 161/PMK.04/2022 on Notifications of Completely Produced Excisable Goods (“Regulation 161/2022”), which updates provisions on the mandatory submission of notifications by manufacturers when their excisable goods have completed the relevant production processes.[2] In essence, said updates encompass the following matters: