The Minister of Finance has issued Regulation No. 69 year 2024 (“PMK-69”) regarding changes to Regulation No. 130/PMK.010/2010 concerning Corporate Income Tax Reduction Facilities (Tax Holiday). PMK-69 accommodates the implementation of global minimum tax, where Taxpayers who receive Tax Holiday facilities and part of a business group that meets the global minimum tax requirements, can be subject to domestic minimum top-up tax.
