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 from offshore to Indonesia.
3.The extension of deadline for the fulfillment of taxation rights and obligations.
4.Customs facilities for the reduction or exemption of Customs Duty for import transactions.