Numbering Of The Regulation On The Decrease In Final Income Tax Rate

According to the Minister of Finance, Sri Mulyani Indrawati, revision to Government Regulation No. 46 Year 2013 regarding Income Tax on Income from Business Received or Earned by Taxpayers Having Certain Gross Turnover has been finalized and is pending numbering at the Ministry of Law and Human Rights.

The revision contains some important provisions which are worthy of attention, namely among other things, small and medium enterprises (SME) which may use the rate of final income tax of 0.5% of gross turnover are individual taxpayers, commanditaire vennootschap, firms, and limited liability companies.

In the revision, the government does not change the currently applicable SME threshold, namely Rp4.8 billion per year. In addition, the revision provides for the time limit in which individual and corporate taxpayers may use the rate of final income tax. Individual and corporate taxpayers are respectively given a time limit of 6 years and 3 years before they must pay their income tax normally.

Source : https://legalcentric.com/content/view/132725

Governor Regulation Number 115 Year 2019 Procedure for Regional Tax Audit
Governor Regulation Number 115 Year 2019 Procedure for Regional Tax Audit

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