Tax Update March 2020

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 […]

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, […]

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. […]

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.