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Govt. Issues Further Fiscal Incentives for Imports of Goods for Upstream Oil-and-Gas Activities

The Minister of Finance (“ Minister ”) has decided to offer more fiscal incentives in an effort to attract greater investment to the area of upstream oil-and-gas business activities through the issuance of Regulation No. 217/PMK.04/2019 on Import-Duty Exemptions and the Non-Collection of Import Tax for Imports of Goods for Upstream Oil-and-Gas Activities (“ Regulation 217/2019 ”). [1]

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