Tax

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Tax

You will find insights on various topics by our Mazars tax professionals.

26 November 2024

Tax Newsletter - Tax treatment on Joint Operation

The Indonesian Minister of Finance releases the long-awaited tax regulation on Joint Operation No. 79 Year 2024 (“MoFR 79/2024”) on 14 October 2024 with enactment on 18 October 2024. MoFR 79/2024 introduces Joint Operation (JO) with tax identification number (TIN) and VATable entreprenuer status, and JO without TIN and VATable entrepreneur status , as well as their tax implementations. It emphasizes...

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Tax newsletter - Article 21

Tax Newsletter - New tax rule on Article 21

As the new year unfolds, it's time to turn our attention to the ever-evolving landscape of personal income tax regulations. In this Newsletter edition, we delve into the latest amendments to the personal income tax laws, the Government Regulation No. 58 Year 2023 (“PP 58/2023”) concerning the Article 21 Income Tax Withholding Rates on income in connection with employment, services, or activities of...

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Tax newsletter - NO.7 - August 2023

Tax Newsletter - Tax depreciation and amortization

The Indonesian Minister of Finance recently launched regulation No. 72 Year 2023 (“MoFR 72/2023”) concerning depreciation of tangible assets and amortization of intangible assets. The regulation was issued on 13 July 2023 with enactment on 17 July 2023.

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Tax newsletter - No.6 - July 2023

Tax Newsletter - Income tax regulation on jewelry

The Ministry of Finance has issued a new regulation No. 48 Year 2023 concerning the income tax and VAT on the sales of gold and/or jewelry (“PMK-48”). PMK-48 has effectively applied on 1 May 2023. PMK-48 stipulates the latest tax treatment on the delivery/sale of gold jewelry, gold bars, jewelry not entirely made of gold, gemstones and/or other similar stones, as well as the related services, conducted...

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Tax newsletter - July 2023

Tax Newsletter - New tax rule on benefits-in-kinds

The long-awaited tax implementation rule on benefits-in-kinds (BIKs) is finally released through the issuance of the Minister of Finance Regulation No. 66 Year 2023 (“MoFR 66/2023”) concerning the income tax treatment on remunerations in the form of BIKs for employment or services. The regulation was issued on 27 June 2023 with enactment on 1 July 2023.

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Vat on Submission of Collateral Taken Over

Tax Newsletter - VAT on Submission..

Pursuant to the issuance of Government Regulation No. 44 Year 2022, the Ministry of Finance has issued a new regulation No. 41 Year 2023 concerning the VAT on Submission of Collateral Taken Over by Creditors to Collateral Purchasers (“PMK-41”). PMK-41 has effectively applied on 1 May 2023.

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Tax Newsletter / The Fiscal Incentive as Investment Facilities Within IKN

Tax Newsletter - Fiscal Incentive as Investment...

Indonesian Government issued Regulation Number 12 Year 2023 (GR-12) on 6 March 2023 which addresses the issuance of business licenses, ease of doing business, and various investment facilities and incentives within Nusantara Capital City (Ibu Kota Nusantara – “IKN”) and certain regions of Kalimantan as part of the economic superhub (“Partner Regions”).

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TAX NEWSLETTER/The New Rules Related to Tax Audit

Tax Newsletter-The New Rules Related to Tax Audit

The Government issued Regulation Number 50 Year 2022 (GR-50) on 12 December 2022 as implementation guidelines for the Indonesian Tax Law amended by the Law on Harmonization of Tax Regulations in 2021 (Refer to Tax Newsletter October 2021 / No. 07). One of the topics covered in GR-50 are the rules for tax audit.

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Implementation Regulation for BIK

Tax Newsletter - Implementation Regulation for BIK

The Government issued Regulation Number 55 Year 2022 (GR-55) on 20 December 2022 as implementation guidelines for the Income Tax Law (ITL) amended by the Law on Harmonization of Tax Regulations in 2021 (Refer to Tax Newsletter October 2021 / No. 07). One of the topics covered in GR-55 are the rules for benefits-in-kind (BIK)’s fiscal treatment.

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Tax Newsletter - The new format of Tax ID Number

As stipulated in Law Number 7 Year 2021 regarding Harmonization of Tax Regulations or Undang-Undang Harmonisasi Peraturan Perpajakan (“UU HPP”), the 16-digit ID or Nomor Induk Kependudukan (“NIK”) will apply as Tax ID Number for individual taxpayers. Format of tax ID number will change also for corporate taxpayers. The implementation regulation of the new format of Tax ID Number was finalised by Ministry...

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Tax Newsletter - Tax Incentive Extension

On July 1, 2021, the Ministry of Finances (“MoF”) issued Regulation No.82/PMK.03/2021 (PMK82/2021) about the extension of tax incentive related to the Covid-19 outbreak. This regulation revises several articles of the previous MoF Regulation No.9/PMK.03/2021.

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