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MoF Regulation No. 158/PMK.010/2015 dated August 12, 2015
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…
MoF Regulation No. 37/PMK.03/2015 dated March 4, 2015
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…
MoF Regulation No. 141/PMK.03/2015 dated July 24, 2015
TYPES OF OTHER SERVICES AS MENTIONED IN ARTICLE 23 PARAGRAPH 1 LETTER C NUMBER 2 LAW NO. 7 YEAR 1983 CONCERNING INCOME TAX AS SEVERAL TIMES AMENDED LAST RECENTLY BY LAW NO. 36 YEAR 2008 1. Compensation regarding to other services except for services already subject to income tax article 21, as mentioned in article 23…
DGT Circular Letter No. SE-56/PJ/2015 dated July 24, 2015
REVOCATION OF CIRCULAR LETTER NO. SE-09/PJ.42/1997 CONCERNING INCOME TAX TREATMENT FOR LIFE INSURANCE BENEFITS (GENERAL INOME TAX SERIAL NO. 47) Confirmation in DGT Circular Letter No. SE-09/PJ.42/1997 concerning Income Tax treatment for life insurance benefits which stated excess of saving benefits over premium paid will be considered equally as revenue from interest on saving account…
Income Tax Borne by the Government
FALCON SC TAX UPDATEOCTOBER 2017 EDITIONINCOME TAX BORNE BY THE GOVERNMENTSummary of MoF Regulation No. 126/PMK.010/2017On 19 September 2017, the Ministry of Finance has issued its regulation number 126/PMK.010/2017 (PMK 126/2017 or “the Regulation”) on Government-Borne Income Tax on Interest or Yield from Government Securities Issued in International Markets and Third Party’s Income from Services…
MoF Regulation No. 207/PMK.010/2015 dated November 20, 2015
SECOND AMENDMENT ON MINISTER OF FINANCE REGULATION NO. 105/PMK.03/2009 CONCERNING RECEIVABLE WHICH APPARENTLY UNCOLLECTIBLE WHICH IS DEDUCTIBLE FROM GROSS REVENUE Article 3 paragraph 1 letter c is amended.The following condition of apparently uncollectible receivables are mandatory which in previous regulation was needed for one condition only: Collection case already submitted to district court or other…