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New Provision on Payment Postponements for Customs-and-Excise Duty

The Ministry of Finance (“Minister”) has issued Regulation No. 122/PMK.04/2017 on Payment Postponements for Import- and Export-Duty Debt and/or Administrative Sanctions in the Form of Fines (“Regulation 122/2017”). Regulation 122/2017 sets out detailed procedures for individuals or incorporated entities who are looking to apply for postponements to their payments in regard to the following obligations: [1]

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