|Policy Type:||Economic Instruments>Fiscal/financial incentives>Tax relief|
|Renewable Energy Policy Targets:||Geothermal|
|Policy Sector:||Framework Policy|
|Agency:||Ministry of Energy and Mineral Resources|
|Renewable Energy Description:|
Regulation 22/PMK.011/2011 stipulates that goods imported for the purpose of upstream oil and gas activities or geothermal exploration will be exempted from Value-added Tax for the budget year 2011. To benefit from this exemption, imported devices should not yet be produced locally or if so, not to the required specifications or in the required quantities. Moreover, beneficiaries of the tax exemption should have a contract with the government and have been assigned a mining business licence since December 1994.
|Related policies:||Geothermal Business Activities (Government Regulation No. 59/2007; 70/2010) , New Geothermal Law (No. 21/2014)|
Last modified: Thu, 19 Mar 2015 17:18:45 CET