TAX ALERT 02.2024 – PROCEDURES FOR THE IMPOSITION OF INCOME TAXES ON BUSINESS INCOME RECEIVED OR OBTAINED BY TAXPAYERS WITH CERTAIN GROSS TURNOVER AND BUSINESS REPORTING OBLIGATION TO BE REGISTERED AS TAXABLE ENTREPRENEUR
We would like to convey an important update regarding taxation, considering that the Government has just released Minister of Finance Regulation No.... Read More
Important Reminder: Compliance with New Regulations on Arm’s Length Principle and Transfer Pricing Documents
The Minister of Finance has just released a new regulation No. 172 Year 2023 (“MoF-172”) regarding the implementation guideline for the application... Read More
TAX ALERT 01.2024 – WITHHOLDING INCOME TAX ON INCOME RELATED TO WORK, SERVICES, AND ACTIVITIES OF INDIVIDUAL TAXPAYERS
On December 27, 2023, the Government released Government Regulation No. 58 Year 2023 concerning the Rates on the Withholding Income Tax Article... Read More
TAX ALERT 03.2023 – DEPRECIATION OF TANGIBLE ASSETS AND/OR AMORTIZATION OF INTANGIBLE ASSETS
To provide detail guidance on the implementation on regulations pertaining to depreciation and amortization of tangible and intangible assets, as discussed in... Read More
TAX ALERT 02.2023 – INCOME TAX TREATMENT OF BENEFITS IN KIND OBTAINED FROM EMPLOYMENT OR SERVICE ACTIVITIES
On June 27, 2023 the Government issued MoF Regulation No. 66 Year 2023 concerning Income Tax Treatment of Benefits-in-Kind Obtained from Employment... Read More
TAX ALERT 07.2022 – PMK 69/PMK.03/2022 – Income Tax and Value Added Tax on the Implementation of Financial Technology
The Government issued Regulation of the Minister of Finance No. 69/PMK.03/2022 (PMK 69/2022) regarding Income Tax and Value Added Tax on the... Read More
TAX ALERT 06.2022 – PMK 61/PMK.03/2022 – Value Added Tax on Self-Construction Activities
In order to make adjustments to the VAT provisions on self-construction activities (“PPN KMS”) as previously regulated in the Minister of Finance... Read More
TAX ALERT 05.2022 – PMK 70 Year 2022 – Synchronization Between Central Tax and Regional Tax on Foods & Beverages and Certain Services
The Government has issued PMK Number 70/PMK.03/2022 (“PMK 70”) about Criteria and/or Details of Foods and Beverages, Art and Entertainment Services, Hospitality... Read More
TAX ALERT 04.2022 – PMK 65 YEAR 2022 – VALUE ADDED TAX ON THE DELIVERY OF USED MOTORIZED VEHICLES
On March 30, 2022, the Government issued Regulation of the Minister of Finance No. 65/PMK.03/2022 (PMK 65/2022) regarding Value Added Tax on The Delivery of Used... Read More
TAX ALERT 02.2022 – PP 9 YEAR 2022 – INCOME TAX ON CONSTRUCTION SERVICE INCOME
The Government has issued Government Regulation No. 9 Year 2022 regarding Income Tax on income from Construction Services. This Government Regulation issued... Read More