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COVID-19

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Further Improvement of Tax Incentives for Taxpayers Affected by COVID-19

28 August 2020
Following the release of Minister of Finance (“MoF”) Regulation No. 86/PMK.03/2020 (“PMK-86”) that extended the applicable period and expanded the business sectors that can access the tax incentives previously provided under MoF Regulation No. 44/PMK.03/2020 of 27 April 2020, the MoF has now issued Regulation No. 110/PMK.03/2020 dated 14 August 2020 that:

Extension & Expansion of Tax Incentives for Taxpayers Affected by COVID-19

13 August 2020
On 16 July 2020, the Minister of Finance (“MoF”) issued Regulation No. 86/PMK.03/2020 (“PMK-86”) that extends the applicable period and expands the business sectors that can access the tax incentives previously provided under MoF Regulation No.

Tax Aspects of Government Regulation in Lieu of Law No. 1/2020

17 April 2020
The Government of Indonesia has issued a wide-ranging regulation as part of additional steps to support the economy in the face of COVID-19. Government Regulation in Lieu of Law No. 1 Year 2020 (“Perppu-1/2020”) technically is a temporary measure that must then be approved by Parliament (“DPR”) in the next session of DPR otherwise it ceases to have effect.

Tax Incentives for Taxpayers Affected by COVID-19

1 April 2020
On 23 March, the Minister of Finance issued Regulation No. 23/PMK.03/2020 (“PMK-23/2020”) dated 21 March 2020 to assist taxpayers that are being affected by the impacts of COVID-19. The issuance of PMK-23/2020 is intended to support economic stability, purchasing power, and productivity of certain sectors.