Tax Update December 2019
The Directorate General of Tax recently issued a Publication for the draft Omnibus Tax Law to strengthen the Indonesian economy. The background of Omnibus Tax Law is due to the global economic slowdown, potential Indonesian economic stagnation, and the unoptimized Indonesia’s Investment Competitive Index.
In the draft Omnibus Tax Law, there are several tax facilities, e.g. reduction of Corporate Income Tax rate, territorial system for the individual taxpayer, relaxation on the claimable Input VAT, tax holiday, etc.
Tax Update November 2019
As of December 2018, the Directorate General of Tax has updated the list of countries having Qualifying Competent Authority Agreement (QCAA) for the exchange of Country by Country Report (CbCR) with Indonesia.
Tax Update October 2019
The Tax Update October 2019 covers the following regulations:
- Ministry of Finance Regulation No. 128/PMK.010/2019 regarding the deduction on gross income for the intership program and/or vocational training program in certain competencies.
- Directorate General of Tax Regulation No. 599/PJ/2019 regarding the updates of taxpayers who should apply electronic withholding tax slip Art. 23 and/or Art. 26.
Tax Update September 2019
The Tax Update September 2019 covers the Ministry of Finance Regulation No. 117/PMK.03/2019 regarding the updates on the Low Risk VAT Entrepreneur entitled for Preliminary VAT Refund.
Tax Update August 2019
The Tax Update August 2019 covers the following regulations:
- Ministry of Finance Regulation No. 93/PMK.03/2019 regarding the updates on the application of Controlled Foreign Company Rules (CFC Rules)
- Government Regulation No. 45 year 2019 which introduces the new tax facilities for deduction of taxable income/gross income for industries which meet certain requirements
List of Taxpayers who Should Apply Electronic Withholding Tax Slips Art. 23 and/or Art. 26
The Directorate General of Tax has issued regulation no. KEP-425/PJ/2019 which regulate certain taxpayers to apply electronic Withholding Tax Slips Art. 23 and/or Art. 26 starting May 2019 tax periods.
Tax Update May 2019
Tax Update May 2019 provides new provisions regarding the type of activities and type of taxable services which subject to 0% VAT. These provisions refer to the Ministry of Finance Regulation No. 32/PMK.010/2019.
Tax Update March 2019
The Tax Update March 2019 covers the DGT Regulation No. PER-03/PJ/2019 and Circular Letter No. SE-04/PJ/2019 regarding the online submission for Tax Clearance Certificate (Surat Keterangan Fiskal).
Tax Update February 2019
Tax Update February 2019 provides the user guideline for electronic reporting of Certificate of Domicile (DGT-1 Form) of Foreign Taxpayer.
Tax Update January 2019
The Tax Update January 2019 covers the provision of food and drink to all employees and the compensation in the form of benefit-in-kind in certain area which is related to the work implementation which can be deducted from the gross income for the employer (Ministry of Finance Regulation No. 167/PMK.03/2018)