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E-Commerce in the Economic Policy Package XIV

ByFalcon

The government has issued the 14th Economic Policy Package on digital economy and e-commerce on 9 November 2016. The purpose is to encourage the expansion and improvement of economic activity communities throughout Indonesia especially in young generation. The regulation set a tax payment with turnover of IDR 4.8 billion is 1%. The Coordinating Minister for Economic…

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New Final Income Tax Regulation for Small Medium Enterprises

ByFalcon

NEW FINAL INCOME TAX REGULATION FOR SMALL MEDIUM ENTERPRISESGovernment of Indonesia has recently issued its regulation No. 23 Year 2018 (“GR 23/2018” or “the Regulation”) on June 8th, 2018 concerning Income Tax on Income from businesses received or earned by taxpayers having certain gross turnover. This regulation will be effective on 1 July 2018. The…