DGT Regulation No. PER – 28/PJ/2016 Concerning the Provision of Asset Repatriation in the Form of Fund into Indonesia Territory in Context of Tax Amnesty

​INCOME TAX ON INCOME FROM TRANSFER OF LAND AND/OR BUILDING RIGHTS AND SALE PURCHASE AGREEMENT ON LAND AND/OR BUILDING ALONG WITH ITS AMENDMENT ​Income from transfer of land and/or building rights or sale purchase agreement are payable to final income tax. Including transfer of rights are sales, swap, grants, in heritage or any other kind of…

The New Regulation onTransfer Pricing Documentation AN OVERVIEW OF PMK-213The Indonesian Ministry of Finance has recently issued a new regulation No. 213/PMK.03/2016 (“PMK-213”) on 30 December 2016, which requires Taxpayers to prepare transfer pricing documentation (“TP Doc”). TYPES OF TP DOCSPMK-213 classifies TP Doc into three types: Master FileMaster File consists of Information concerning the…

CRITERIA FOR ART AND ENTERTAINMENT SERVICES EXEMPTED FROM VAT Particular art and entertainment services are exempted from VAT such as: a.    movies b.    art, music, dance and/or fashion performance c.    beauty, bodybuilding and similar contest d.    exhibition e.    discotheque, karaoke, night club and similar f.     circus, acrobat and magic performance g.    horse racing, motor vehicle racing and games h.    sports games This regulation…

STIPULATION OF DEBT AND EQUITY RATIO FOR INCOME TAX CALCULATION PURPOSES Article 1 For income tax calculation purposes it is set a debt to equity ratio for corporate taxpayer which is established or domiciled in Indonesia and whose capital divided into stocks. Debt is average outstanding of debt within one fiscal year or part of…