In order to give legal certainty to Individual Taxpayers, including those who meet certain criteria, which are exempted from the obligation to administer bookkeeping but required to make recording, it is necessary for Minister of Finance to stipulate new regulation through PMK 54/PMK.03/2021 (“PMK 54”).
We provide the summary of PMK 54 in our Tax Alert 11.2021 which covers about these followings:
- The criteria of Taxpayers who are required to conduct bookkeeping and/or recording; and
- The procedures to prepare recording and/or bookkeeping for taxation purposes.
For more information about the technical guidelines, please refer to our Tax Alert 11.2021 and PMK 54 as attached.
SS – 2021 – Tax Alert 11.2021 – Procedures for Conducting Recording & Bookkeeping
SS – 2021 – Tax Alert 11.2021 – Tata Cara Pencatatan & Pembukuan