MoF Regulation No. 142/PMK.010/2016 Concerning Amendment of MoF Regulation 127/PMK.010/2016

FIXED ASSETS REVALUATION FOR TAX PURPOSES FOR APPLICATION IN 2015 AND 2016 Taxpayer may conduct fixed assets revaluation for tax purposes with special treatment when such application is applied to DGT starting from the effective date of this regulation to 31 December 2016.Such special treatment is final income tax rate: 3%, for application up to 31…

APPOINTMENT PARTICULAR CORPORATION TO COLLECT, DEPOSIT AND REPORT VAT OR VAT AND SALES TAX ON LUXURY GOODS, ALSO PROCEDURES FOR ITS COLLECTION, DEPOSIT AND REPORTING Particular corporation which may be appointed as collector of VAT or VAT and sales tax on luxury goods are: 1.    After the effective date of this regulation, a State owned company…

I n a c c o r d a n c e w i t h P M K – 2 1 3 a n d P E R – 2 9 Following the release of Country-by-Country Report (“CbCR”) requirements in early 2017 through Minister of Finance (“MoF”) Regulation No. 213/PMK.03/2016 (“PMK-213”), The Directorate General…

100% EXEMPTION ON DUTY ON TRANSFER OF LAND AND BUILDING RIGHTS DUE TO SALE AND PURCHASE OR GRANTING THE FIRST RIGHT AND/OR 0% TAX IMPOSED ON DUTY ON TRANSFER OF LAND AND BUILDING RIGHTS DUE TO INHERITANCE OR GRANTS WITH MAXIMUM TAX OBJECT SALE VALUE OF RP 2 BILLIONS  Governor delegate his authority to grant…