The Omnibus Law, enacted through Law No. 11 Year 2020 (“Law No. 11/2020”) was introduced on 2 November 2020 - of which its closing provisions promised the release of implementing regulations within maximum 3 (three) months.
There are at least 78 Laws amended by Law 11/2020 for which most of them require further implementing regulations. There are 44 (forty four) implementing regulations ordered to be released by the law – out of which 40 (forty) shall be in the form of Government Regulations whereas 4 (four) shall be in the form of Presidential Regulations. With regards to the taxation provisions – there are 2 Government Regulation (“GR”) issued:
- GR No. 9/2021 regarding Taxation Treatment to support ease of doing business; and
- GR No. 10/2021 regarding Local Tax and Retribution to support ease of doing business and local government services.
Following the issuance of GR No. 9/2021 on 2 February 2021, the Ministry of Finance (“MoF”) also issued regulation No. 18/2021 on 17 February 2021.
Webinar | Omnibus Law - Tax Provision Updates
Mulyo Basuki - Partner, Tax Practice
Eny Susetyoningsih - Partner, Tax Practice
Sundfitris LM Sitompul - Partner, Tax Practice
Wednesday, 7 April 2021
2.00pm - 4.00pm