28 May 2020
On 23 March 2020, the Indonesian Minister of Finance issued Regulation Number 23/PMK.03/2020 of 2020 on Tax Incentives for Taxpayers Affected by the Coronavirus Outbreak (“MoF 23”) in response to the rapidly evolving Covid-19 situation. MoF 23 sets out tax incentives for qualified taxpayers in certain industries to help them overcome the immediate challenges presented by the crisis, including cash flow concerns. These incentives and their requirements are discussed in this article.
This is an extract of an article by Soemadipradja & Taher, an Indonesian law firm with which Allen & Gledhill has a strategic alliance. To read the full article from the Soemadipradja & Taher website www.soemath.com, please click here.