In essence, entries and releases of consignment goods to and from areas that have been stipulated as Free Trade Areas and Free Ports (collectively referred to as "Free Areas") are addressed under three applicable provisions, as follows: 1) To and from outside customs areas; 2) To and from other locations within customs areas; and 3) To and from other Free Areas, bonded stockpiling locations or special economic zones.

Imported goods that have secured export-oriented import facilities (Kemudahan Impor Tujuan Ekspor "KITE") are permitted to be settled via non-export means ("Settlements"). The applicable methods for Settlements now include: 1) Destruction; 2) Damage; 3) Handover; 4) Sale; 5) Transfer; and/or 6) Return. Settlements themselves may be carried out by Companies that have received KITE in the form of exemptions (KITE Pembebasan Companies) and/or companies that have received KITE for small- and medium-scale industries (Industri Kecil Menengah/IKM) (KITE IKM Companies).

The list of business actors that wish to import iron or steel, alloy steel and their derivative products (collectively referred to as "Commodities") and that are eligible to secure technical importation considerations for Commodities now includes: 1) Industrial companies; 2) Industrial services companies; 3) Non-industrial companies that have secured Manufacturer Importer Identification Numbers (Angka Pengenal Importir Produsen/API-P); 4) Industrial companies that have secured General Importer Identification Numbers (Angka Pengenal Importir Umum/API-U); and 5) Centers for Raw and/or Supporting Materials Providers (Pusat Penyedia Bahan Baku dan/atau Bahan Penolong/PPBB).

While taxpayers and entrepreneurs with certain gross turnovers (either individual or business entities) are still subject to final income tax (Pajak Penghasilan "PPh") for certain periods ("Final PPh"), it has now been clarified that the applicable tariff for said Final PPh has been set at 0.5% of generated gross turnover.

This new regulation merges provisions that address the organization of incubation, as originally addressed under Regulation of the Minister of Cooperatives and Small and Medium Enterprises No. 24 of 2015 and Chapter VI of Regulation of the Minister No. 3 of 2021, and makes a number of adjustments to requirements and procedures for the selection of tenants.

The Indonesian Government recently introduced a new framework that specifically addresses the harmonization of national fiscal policy ("National Policy") in order to strengthen the financial relationship between central and regional governments. The aforementioned harmonization will be carried out through the organization of the following matters: 1) Synergy of National Policy ("Policy Synergy"); 2) Regional debt financing; 3) Funding synergy; and 4) Regional Endowment Funds (Dana Abadi Daerah "DAD").

Business actors that engage in battery-powered electric-vehicle ("BEV") manufacturing industries are eligible to secure incentives for the importation of BEVs ("Incentives") that are either in a completely built-up (CBU) or completely knocked-down (CKD) state. Broadly speaking, said Incentives take the form of 0% import-duty tariffs, as well as luxury-goods sales tax (Pajak Penjualan atas Barang Mewah/PPnBM) that will be borne by the government.

This Regulation features a new set of guidelines that address the withholding of Income Tax (Pajak Penghasilan "PPh") of the Article 21 and/or Article 26 types in line with Law No. 7 of 1983 on PPh

The Amendment has expanded the list of vehicles that may be classified as battery-powered electric vehicles, which now includes the following types of vehicles: 1) Road tractors for semi-trailers; 2) Motorized vehicles for personal transportation; and 3) Motorized vehicles for special purposes other than those intended for the transportation of people or goods.

Among the various provisions introduced under the new framework, the Financial Services Authority (Otoritas Jasa Keuangan/OJK) has adjusted the minimum paid-up capital requirements for newly established companies, as well as the minimum equity requirements for companies that have secured operational business licenses. Specifically, companies are required to gradually increase their minimum equity levels in two phases.