The technicalities of Tax Return that has been updated through the Ministry of Finance Regulation (PMK) No. 9/PMK.03/2018, which is the amendment of PMK No. 243/PMK.03/2014.
Some of the key points:
- No more requirements to submit NIL Income Tax Return Art. 21/26 and Art. 25;
- Requirement to report Monthly & Annual Tax Returns in electronic format for taxpayers that fulfill certain criteria;
- Referencing of Fiscal Year, that may be different from Company’s Financial Year.