ID :
107908
Mon, 02/22/2010 - 08:20
Auther :
Shortlink :
https://oananews.org//node/107908
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BM-DTP INCENTIVE FOR CERTAIN INDUSTRIES
Jakarta, Feb 21 (ANTARA) - The government will give a fiscal incentive in the form of government-paid import duty (BM-DTP)to certain industrial sectors for the 2010 fiscal year.
Finance ministry spokesman Harry Z Soeratin said in Jakarta Sunday the fiscal incentive will be given to industries using imported goods and materials for production of goods or services.
These industries must meet certain criteria, including providing goods/services to the public, those consumed by the general public, and those protecting the consumers, and which can raise competitiveness, and increase employment, and last but not least, raise state`s income.
And the fiscal incentives are also meant for imported goods and materials, namely those not yet locally produced, already locally made by net yet met the necessary specifications, or even already locally produced, but not enough to meet the needs of the industries.
Application for the fiscal incentive needs to be made by the minister/head of institution concerned to the minister of finance along with the reasons for government-paid import duty, list of goods and materials with their technical specifications, and the proposed government-paid import duty budget ceiling for the 2010 fiscal year.
This policy is laid down in Finance Ministerial Decree No 07/PMK.011/2010 on Government-paid Import Duties on Goods and Materials for the production of goods and or services for the general public and for raising the competitiveness of certain industries for the 2010 fiscal year.
This decree went into effect as of its implementation on December 31, 2009 until December 31, 2010, and its implementation will be evaluated not later than one year after implementation.
Finance ministry spokesman Harry Z Soeratin said in Jakarta Sunday the fiscal incentive will be given to industries using imported goods and materials for production of goods or services.
These industries must meet certain criteria, including providing goods/services to the public, those consumed by the general public, and those protecting the consumers, and which can raise competitiveness, and increase employment, and last but not least, raise state`s income.
And the fiscal incentives are also meant for imported goods and materials, namely those not yet locally produced, already locally made by net yet met the necessary specifications, or even already locally produced, but not enough to meet the needs of the industries.
Application for the fiscal incentive needs to be made by the minister/head of institution concerned to the minister of finance along with the reasons for government-paid import duty, list of goods and materials with their technical specifications, and the proposed government-paid import duty budget ceiling for the 2010 fiscal year.
This policy is laid down in Finance Ministerial Decree No 07/PMK.011/2010 on Government-paid Import Duties on Goods and Materials for the production of goods and or services for the general public and for raising the competitiveness of certain industries for the 2010 fiscal year.
This decree went into effect as of its implementation on December 31, 2009 until December 31, 2010, and its implementation will be evaluated not later than one year after implementation.
