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Tax Incentives Facing The Impact Of The Covid-19 Pandemic, Extended Until June 30, 2021

PMK No. 9/PMK.03/2021

PPH Incentive Article 21 (employee)

1. Employees who work in companies engaged in one of 1,189 specific industries, in companies that obtain import facilities for export purposes [KITE], and in companies in bonded zones can obtain income tax facilities under government responsibility.
2. This facility is provided to employees who have a fixed and regular NPWP and Gross Income that is annualized not more than Rp.200 million in the specified sectors. These employees will earn additional income in the form of Taxes that are not deducted by the employer but given in cash to employees.
3. If the taxpayer has a branch, then the notification of utilization of Income Tax Incentive Article 21 is sufficiently submitted by the taxpayer and applies to all branches.

MSME Tax Incentives

MSME actors get the final income tax facility rate of 0.5% [PP 23/2018] borne by the government.

1. MSME taxpayers do not need to make tax deposits.
2. Cutters or tax collectors do not need to make deductions or tax collection at the time of making payments to MSMEs.


Final PPh Incentive for Construction Services

Taxpayers who receive income from construction services business in the program to accelerate the improvement of irrigation water use [P3-TGAI] get the final PPH facility of government borne construction services.

PPH Incentive Article 22 Imports

Taxpayers engaged in one of 730 specific industrial fields, on KITE companies. And in companies in bonded zones get exemption facilities from the collection of Income Tax Article 22 Imports. Previously only available for 721 industries and KITE companies.

Installment Incentive (PPH Article 25)

Taxpayers engaged in one of 1,018 certain industries, kite companies, and companies in bonded zones get a reduction in PPH Article 25 installments by 50% of the installments that should be owed. Previously only available to 1,013 industries and KITE companies.

VAT Incentives

Low-risk Taxable Entrepreneurs [PKP] engaged in one of 725 specific industries, KITE companies, and companies in bonded zones get accelerated restitution facilities up to a maximum amount of Rp. 5 billion.

This facility was previously only provided to 716 industries and KITE companies.

Stay tuned for updates from our official website to get the latest news during the pandemic period in Indonesia. We are always ready to provide you with the latest information or regulations that you might need to know about. Please don’t hesitate to send your question to our email info@indo-ned.com.

Source: https://www.pajak.go.id/

Disclaimer:

The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. More Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.

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