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 of Finance Regulation Number 112/PMK.03/2022 (PMK 112/2022) dated 8 July 2022.