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

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 […]

Tax Update April 2020

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 […]

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, […]