The New Tax Holiday in Indonesia

The New Tax Holiday Incentive in Indonesia (Tax Holiday Indonesia) The new Tax Holiday Indonesia, Government of Republic of Indonesia (“GoI”) has released Minister of Finance Regulation No.35 2018 (“MoF-R35/2018”) regarding facility of Corporate Income Tax (“CIT”) reduction (“Facility”). The amendment of tax holiday facility provision is intended to increase the direct investment to push Indonesian…

Indonesia Tax Office’s Approach to Calculate Revenue in Tax Audit

    The Government has enacted the Minister of Finance Regulation No.15/PMK.03/2018 (“MoF-Regulation”) effectively as of February 12, 2018. This regulation is intended to Taxpayer who compulsory to conduct Recording and Bookkeeping. It regulates that during tax audit, if the Taxpayer did not or did not fully conduct the Recording or Bookkeeping that causes actual Gross Revenue (“Revenue”) is unnoticed, Tax…

Differences in Individual Income Tax Return (Surat Pemberitahuan “SPT”) 2016 and 2017 related to the Tax Amnesty Program

  With the deadline of reporting of Individual Income Tax Return for year 2017 is getting closer (Saturday, 31 March 31, 2018). For the purpose to complete the SPT 2017 The taxpayer is required to prepare relevant supporting such documentation including income summary, tax article 21 withholding tax certificate, certificate of tax amnesty, assets list…