Government Regulation No. 56 Year 2015 dated August 3, 2015
AMENDMENT ON GOVERNMENT REGULATION NO. 77 YEAR 2013 CONCERNING REDUCTION ON INCOME TAX RATE FOR DOMESTIC PUBLIC CORPORATION TAXPAYER
Some provisions in Government Regulation No. 77 Year 2013 are amended as follow:
Article 2 paragraph 2 is amended as follow:
Article 2
1. Domestic public corporation taxpayer may get 5% of income tax rate reduction, lower than non public corporation taxpayer.
2. Such reduction will be given when public corporation meet the following requirement:
a. At least 40% of its paid up capital are listed in Indonesia stock exchange;
b. Such stocks are owned by at least 300 stockholders;
c. Each stockholder may only own less than 5% of paid up capital; and
d. Requirement in point a, b and c must be met at least 183 days within one fiscal year.
3. Provision regarding procedures for implementation and supervision on granting income tax rate reduction for domestic public corporation taxpayer will be stated in Minister of Finance Regulation.
Article 6 is deleted
This regulation will be effective at promulgation date.