Tax Newsletter - VAT on Submission of Collateral Taken Over by Creditors to Collateral Purchasers

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.