Tax Newsletter - Tax treatment on Joint Operation
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Tax Newsletter - Tax treatment on Joint Operation
26 November 2024
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 on JO as part of Indonesia tax payers which is subject to the tax obligations.
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 on JO as part of Indonesia tax payers which is subject to the tax obligations.
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