Tax Newsletter - New tax rule on Article 21 Income Tax Withholding Rates on Individual Taxpayers

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 the individual taxpayers. The regulation was issued on 27 December 2023 with enactment on 1 January 2024.