A Joint Operation is a business collaboration between two or more parties (typically companies) without forming a separate legal entity.
Key Highlights of PMK 79/2024:
Profit-Sharing JO:
- Engages in activities such as delivering goods/services, earning income, and/or incurring expenses in the name of the JO.
- Required to obtain a Tax ID (NPWP) and be registered as a VAT-able Entrepreneur (PKP) if revenue exceeds the small entrepreneur threshold
- Registration is done at the tax office where one of the Indonesian JO members is domiciled.
Revenue-Sharing JO:
Not required to obtain a Tax ID (NPWP) or be registered as a VAT-able Entrepreneur (PKP).
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