Indonesia: DGT publishes list of CbC reporting jurisdictions
On 2 November 2022, the Indonesian General Directorate of Taxes (DGT) published a list of jurisdictions participating in the automatic exchange of Country-by-Country (CbC) reports and with which a qualifying competence authority agreement (QCAA) is
See MoreIndonesia: Parliament passes the harmonized taxation bill
On 7 October the House of Representatives passed the harmonized taxation bill with aiming to support tax reforms and provide a fair, prudence, effective, and accountable tax system. The bill contains the following key income tax changes: The
See MoreIndonesia: President delivers the budget speech for 2022
On 16 August 2021, the President of Indonesia, Mr. Joko Widodo delivered the budget speech for the year of 2022. In the speech, the President urged to continue the tax reforms in order to promote independence in financing the development. The
See MoreIndonesia: DGT extends COVID-19 support measures to December 2021
The Indonesian Directorate General for Taxes (DGT) has extended the COVID-19 support measures to 31 December 2021, which had previously been extended to 30 June 2021 by Regulation No. 239 / PMK.03 / 2020. The changes are made by Regulation No. 82
See MoreIndonesia: DGT updates XML schema for CbC reporting
On 4 March 2021, the Indonesian Directorate General of Taxation (DGT) updated the XML schema (version 2.0) for country-by-country reports (CbCR). The update includes the new XSD schema; a procedure for creating XML files; and technical guidance
See MoreIndonesia expands tax incentives for special economic zones
On 30 December 2020, the Indonesian Ministry of Finance has issued a Regulation No. 237/PMK.010/2020 providing tax incentives for companies in special economic zones (SEZs). Accordingly, a 100% reduction in corporate income tax, which may
See MoreIndonesia president sign a law providing tax exemptions on dividends
On 2 November 2020, the Indonesian President Joko Jokowi Widodo has signed the Law on Job Creation (Law No. 11 of 2020). The law provides the following tax exemptions. If dividends received from domestic companies that are to be re-invested in
See MoreIndonesia notifies the confirmation of the completion of its internal procedures for MLI
On 26 November 2020, the Republic of Indonesia deposited a notification confirming the completion of its internal procedures for the entry into effect of the provisions of BEPS MLI. Indonesia signed the agreement on 7 June 2017 and it became
See MoreIndonesia releases regulation on tax holidays for pioneer industries
On 24 September 2020, Indonesian Ministry of Finance has published the Regulation No. 130/PMK.010/2020 regarding the tax holiday (exemption) incentive for pioneer industries. The new regulation updates and replaces the Regulation No.
See MoreIndonesia releases regulation on tax incentives for R&D activities
On 9 October 2020, the Indonesian Ministry of Finance published Regulation No. 153 / PMK.010 / 2020 on the super deduction for R&D activities carried out in Indonesia. This regulation is one of the implementing regulations required under GR-45
See MoreIndonesia: DGT publishes regulation extending tax incentives
On 1 October 2020, the Directorate General of Taxation (DGT) of Indonesia published the Regulation No. 143/PMK.03/2020 extending tax incentives to December 31 for medical equipment and services necessary to fight the corona-virus pandemic. The
See MoreIndonesia: Directorate General of Taxation issues new regulations on APA
On 17 September 2020, the Indonesian Directorate General of Taxation posted online Regulation No. PER- 17/PJ/2020 regarding the procedures for completing applications, implementing, and evaluating an advance pricing agreement (APA). The
See MoreIndonesia: DGT publishes reporting requirements for companies eligible for reduced rate
On 1 September 2020, the Directorate General of Taxation (DGT) of Indonesia has published Regulation No. 123/PMK.03/2020 which provides the forms and procedures to claim the 3% corporate tax rate reduction that was introduced in June 2020. Under
See MoreIndonesia: Tax agency issues regulation on MAP process
On 11 August 2020, the Indonesian Directorate General of Taxation posted online Regulation No. PER-16/PJ/2020, on the mutual agreement procedure (MAP) rules under DTAs. The regulation covers: 1) the scope and definition of MAPs; 2) the deadline
See MoreIndonesia announces further tax relief measures due to COVID-19
On 22 August 2020, the Indonesian Directorate General of Taxation has published Regulation No.110/PMK.03/2020 regarding tax incentives for certain taxpayers in industrial sectors affected by the coronavirus pandemic. The regulations increased the
See MoreIndonesia: MLI enters into force
On 22 July 2020, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, MLI entered into
See MoreOECD: Revenue Statistics in Asian and Pacific Economies 2020
On 23 July 2020 the OECD published Revenue Statistics in Asian and Pacific Economies 2020. The publication presents important statistics tracking progress on domestic resource mobilisation to support tax policy and reform. This can assist countries
See MoreCOVID-19: Indonesia issues regulations expanding tax incentives
On 16 July 2020, the Ministry of Finance (MoF) issued Regulation No.86/PMK.03/2020 (PMK-86) providing the expansion of tax incentives in response to COVID-19. The regulation revokes and replaces MOF Regulation 44/PMK.03/2020. Tax incentives for
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