Tax Update November 2023
According to the Directorate General of Tax Regulation No. PER-29/PJ/2017, the constituent entity (Parent Entity or entity member) or taxpayer that has affiliated transactions are required to submit the Country by Country Report (CbCR) Notification. The CbCR Notification consists of domestic taxpayer information and the statement whether the domestic taxpayer is required to submit CbCR or not.
For the taxpayer with fiscal year January - December, the deadline for submission of CbCR Notification FY2022 is 31 December 2023.
The CbCR Notification should be reported to the DGT by using online system (e-filling), and the DGT will provide the electronic receipt as the prove of submission of CbCR Notification. This electronic receipt should be attached in the Corporate Income Tax Return FY2023 which should be submitted at the end of April 2024 at the latest.
In case the CbCR Notification is not reported and/or attached in the Corporate Income Tax Return, the Tax Office may classify the Corporate Income Tax Return is not completed and reported to the Tax Office.
Tax Update September 2023
SSJK Consulting has recently released a guideline that outlines the Practical Application of Avoidance of Double Taxation for Interest, Dividend, and Royalty. This guideline serves as a valuable resource for companies dealing with international tax matters.
The guideline explains the concept of WHT Art. 26 on cross border transactions involving interest, dividend, and royalty. It also includes information on the DGT Form requirements that must be met in order to utilize the Tax Treaty benefit.
Tax Update August 2023
The August 2023 Tax Update informs PMK 72 year 2023 regarding Income Tax treatment on Depreciation of Tangible Assets and/or Amortization of Intangible Assets.
Tax Guide - Timeline for Tax Disputes Resolution
We are pleased to share a practical guide for navigating the timeline of tax disputes resolution in Indonesia, which include:
- Tax Audit
- Tax Objection
- Tax Appeal and
- Civil Review
We hope this guide will make the process smoother for taxpayers facing tax disputes
Tax Guide - Timeline for Tax Disputes Resolution
We are pleased to share a practical guide for navigating the timeline of tax disputes resolution in Indonesia, which include:
- Tax Audit
- Tax Objection
- Tax Appeal and
- Civil Review
We hope this guide will make the process smoother for taxpayers facing tax disputes
Tax Update July 2023
The July 2023 Tax Update informs PMK 66 year 2023 regarding Income Tax treatment on reimbursement or compensation in relation to work or services received in Benefit-in-Kind (BIK)
Tax Update July 2023
The July 2023 Tax Update informs PMK 66 year 2023 regarding Income Tax treatment on reimbursement or compensation in relation to work or services received in Benefit-in-Kind (BIK)
Tax Update January 2021
The January 2021 Tax Update informs several new regulations related to:
- Creation Job Law (Omnibus Law) No. 11 year 2020 which covers the major changes to tax laws, i.e. General Tax Procedures (KUP Law), Income Tax Law, and VAT Law
- New Stamp Duty
Tax Update July 2020
The July 2020 Tax Update informs several new regulations related to:
- VAT collection for digital transactions from outside Indonesia to Indonesia
- Application of electronic Withholding Tax Slips Art. 23 for all taxpayers in Indonesia
- Pre-populated Input Input in the e-Faktur application
- Application of Community Housing Savings (TAPERA)
Tax Update May 2020
Berhubung semakin meningkatnya dampak pandemi virus Corona (“Covid-19”) ke banyak sektor industri termasuk usaha kecil dan menengah, insentif pajak perlu diperluas. Peraturan Menteri Keuangan No.23/PMK.03/2020 (silakan lihat berita kami periode Maret 2020) dianggap sudah tidak sesuai dengan situasi saat ini.
Menteri Keuangan telah menerbitkan peraturan baru No. 44/PMK.03/2020 untuk memperluas banyak sektor industri yang berhak mendapatkan insentif pajak. Selain itu, ada juga insentif untuk usaha kecil menengah yang dikenakan Pajak Penghasilan Final 0,5%. MoF-44 diterapkan secara efektif mulai 27 April 2020.