As the impact of COVID-19 becomes wider to other business sectors, including micro, small and medium businesses, PMK 23/PMK.03/2020 has been considered to be insufficient for the current economic condition. Therefore, the Government issued PMK 44/PMK.03/2020 to add additional tax incentive, and to expand the type of businesses that need to be given the incentives.
Some of keys points to note from PMK-44 as the replacement of PMK-23:
a. There is additional Business Classifications (KLU) for several incentives belowas previously stated in PMK-23:
- Income Tax Art. 21 Borne by the Government is now given to 062 KLU, previously was given only to 440 KLU;
- Exemption on Income Tax Art. 22 on Import is now given to 431 KLU,previously was given only to 102 KLU;
- Income Tax Art. 25 reduction by 30% is now given to 846 KLU, previously was given only to 102 KLU;
- Preliminary VAT Restitution is now given to 431 KLU, previously was given only to 102 KLU.
Those above incentives are also given to Taxpayers who have Bonded Zone Operator license, Bonded Zone Entrepreneur permit, and Entrepreneur-Operator in Bonded Zone (PDKB) permit.
b. There is new type of tax incentives, that is 0,5% Final Income Tax Borne by the Government which is given to Taxpayer with Certain Gross Turnover as stipulated in Government Regulation No. 23 Year 2018 (PP 23).
c. The filing of notification, application for SKB, and realization report for the utilization of those above incentives is now to be done via online in certain channel on pajak.go.id, instead of offline submission to the Tax Office where the Taxpayers are registered.
This regulation shall come into effect on April 27, 2020.