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Tax Incentives In Relation To The Covid-19 Pandemic

Tax Incentives In Relation To The Covid-19 Pandemic

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This edition of our Tax News Flash highlights two regulations issued by the government in relation to the COVID-19 pandemic:

  • PERPPU-1 confirms the new reduced tax rates for corporate taxpayers, establishes taxation of e-commerce transactions and provides extended deadlines for tax documents which falls due within the force majeure period; and
  • PMK-23 provides tax incentives for taxpayers in certain industries which are impacted by the coronavirus.

 

© 2020 Siddharta Widjaja & Rekan – Registered Public Accountants, an Indonesian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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