Rules on KITE Pembebasan Updated in Bid to Improve Ease of Doing Business

In order to deregulate provisions on Export-Oriented Import Facilities in the Form of Exemptions (Kemudahan Impor Tujuan Ekspor Pembebasan– “ KITE Pembebasan ”), the Minister of Finance (“ Minister ”) has issued Regulation on Import-Duty Exemptions and the Non-Imposition of Value-Added Tax or Value-Added Tax and Luxury-Goods Sales Tax for Imports of Goods and Materials for Processing, Assembly or Installation as Parts of Other Goods Intended for Export Purposes (“ Regulation 160/2018 ”). [1] Regulation 16o/2018 repeals and replaces several already existing regulatory frameworks, specifically: [2]