Due to the increasingly impact of Corona Virus Disease 19 (“Covid-19”) to many sectors including the medium and small entrepreneur, the tax incentive should be extended. It is considered that the Ministry of Finance Regulation No.23/PMK.03/2020 (please see our news alert period March 2020) is not appropriate to the current situation. The Ministry of Finance […]
The Government has issued a regulation in lieu of law No. 1 year 2020 (“GR-1/2020”). The GR-1/2020 regulates several taxation policies for the relaxation of tax obligations and new treatment of digital transaction as follows: 1.The reduction of Corporate Income Tax rate for Corporate Taxpayer and Permanent Establishment. 2.The tax treatment for the digital transactions […]
The Ministry of Finance has issued the Regulation No. 23/PMK.03/2020 (“MoF-23”) to provide the tax incentives for several type of taxes, i.e. Income Tax Art. 21, Income Tax Art. 22, Income Tax Art. 25, and the VAT. The purpose is to maintain the stability of economic growth, people purchasing power, and productivity in the certain […]
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, […]
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.