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Indonesia Extends Scope of Sectors Eligible for Certain COVID-19 Support Measures

30 November 2021

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Approved Changes

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Indonesia

Indonesia's Ministry of Finance has issued Regulation No. 149/PMK.03/2021, which extends the scope of business sectors eligible for certain support measures previously introduced in response to COVID-19 and subsequently amended/extended by Regulation No. 9/PMK.03/2021 and Regulation No. 82/PMK.03/2021. This includes: The import tax exemption, which has been increased to 397 specific sectors (up from 132); The 50% reduction in monthly corporate tax payments, which has been increased to 481 specific sectors (up from 216); and The acceleration of VAT refunds and the increase in the maximum VAT refund limit to IDR 5 billion, which has been increased to 229 specific...