Batam Free Trade Zone Regulations

The research used theories of liberalism effectiveness theory and paradiplomacy. Strategically located on the Indian and P acific Oceans Batam is only 20 km or a 40-minute f erry ride from Singapore.

Pdf Analisis Implementasi Kebijakan Pulau Bintan Sebagai Free Trade Zone Ftz Terhadap Investasi Di Bintan

Batam Indonesia Free Trade Zone Authority head Lukita Dinarsyah Tuwo center holds a shovel at a groundbreaking ceremony for apartment complex The Nove in Nongsa Batam in Riau Islands on Saturday.

Batam free trade zone regulations. 62778 462047 462048. Like a disease globalization is like a virus that need to immune system for all of. The following is a list of the new tax general regulations.

This decision will pave the way for the long-delayed political and bureaucratic process of turning Batam now a free trade zone into a special economic zone SEZ. Administrative Reform Free Trade Zone Batam Indonesian Free Zone Authority 1. Value Added Tax VAT and Local Service Tax LST According to PWC Pocket Tax Book 2012 most of the transaction to enter goods or services into Batam are free from VAT and LST.

Government regulation number 5 year 2011 about free area and Batam free port for Free Trade Zone FTZ Batam. The Government Regulation Number 46 of 2007 on Batam Free Trade zone and Free Port Zone On the Management and the Usage of Land in the Industrial Area of Batam IslandIn this regulation the Government gives the authority to Free Trade Zone and Free Port Zone Management Body Badan Pengelolaan Kawasan Perdagangan Bebas dan Pelabuhan Bebas for developing investment including regulating the allocated land permit or business permit. And other export processing zones are exempt from all import and export taxes.

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In recent years Batam Bintan and Karimun BBK Free Trade Zone FTZ which refers to Law No. However Batam FTZ companies enjoy exemption from import and export duty on machine spare parts and raw materials for production purposes. Investors can use this route to establish businesses in the region.

The Minister of Finance Issue Date. Unfortunately companies registered within Batam FTZ still suffer a corporate tax rate of 30. On January 19 2009 the President of Indonesia officially declared the Batam-Bintan-Karimun as a free trade zone or an FTZ.

Free Trade Zone FTZ Regulations Government Paradiplomacy. MrDeni explained the settlement of Batam and Sabang as a Free Trade Zone had been ratified since 2012 while the customs procedures in the region had been stipulated in PMK 120 2017. In this area trade is governed by a wide range of regulations.

1 Batam Centre Kepulauan Riau Indonesia. Introduction Globalization is a phenomenon that cannot be avoid by a variety of aspects start from the state the community the business sector and others. FTZ is a policy exempting facilities from some customs rules including the taxes and levies.

No Regulation Date Subject Title Indonesian Title English 1 PP 622019 17 September 2019 Free Trade Zone Peraturan Pemerintah Perubahan Kedua Atas Nomor 46 Tahun 2007 Tentang Kawasan Perdagangan Bebas dan Pelabuhan Bebas Batam. As a free port and free trade zone Batam offers several tax incentives to businesses that use the area for manufacturing products for export purpose. Besides Batam there is another location included as a Free Trade Zone which is Sabang.

However some of the regulations governing FTZ in Batam still occur in the inconsistencies seen from some of the indicators studied. 7 If the employees of the Batam Free Trade Zone and Free Port Management Board as intended in paragraph 6 come from civil servants they can be reemployed as the employees of the Batam Free Trade Zone and Free Port Management Board until they have reached the maximum age of 60 years and be given employee status as non-civil servants of the. 36 regarding Free Trade and Free Port Zones was implemented and was amended several times through Government Regulation In Lieu of Law Perppu which eventually was promulgated as Law No.

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In order to qualify for that there are following administrative requirements. Ministry of Trade 06M-DAGPER12013 Delegation of authority to issue import permit of horticulture products to batam free trade zone and free port management board bintan free trade zone and free port management board and karimun free trade zone and free port management boardhtml. Today Singapores Prime Minister Lee Hsien Loong signed an agreement to setup a Special Economic Zone SEZ in Batam and Indonesia with Indonesian President Susilo Bambang Yudhoyuno.

Laws Regulations Procedures for Management of Asset in the Batam Free Trade Zone and Free Port Management Board Tata Cara Pengelolaan Aset Pada Badan Pengusahaan Kawasan Perdagangan Bebas Dan Pelabuhan Bebas Batam Issuing Body. Batam Island which has been developed as an export-oriented Free Trade Zone offers investors and businesses compelling reasons for consideration. Free trade facility near Tanjung Priok the countrys main port.

FTZ Batam valid for 70 years. All regulations are available in Indonesian. A bonded warehouse in Cakung near Jakarta.

Indonesia currently boasts only one free trade zone FTZ which is Batam Free Trade Zone. Batam The concept of the Free Trade Zone FTZ also focuses on the attraction of foreign investment in the sector of industry exports income tax the opening jobs the absorption the of workforce and the developing local industries. Goods imported and exported from free trade zone on Batam Island.

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