On 30 March 2022, the Minister of Finance (MoF) issued a total of 14 derivative regulations to implement the Value-Added Tax (VAT) changes set out under the Harmonization of Tax Regulations (Harmonisasi Peraturan Perpajakan/HPP) Law (specifically Law / UU No. 7 the...
The Directorate General of Taxes (DGT) will stipulate income tax (PPh) and value-added tax (VAT) for crypto-asset transactions. The tax imposed is final at 0.1%. “That’s right, PPh 0.1% and VAT 0.1%, all final,” said Director of Tax Regulation I DGT, Hestu Yoga...
On 11th March 2022, the Ministry of Industry issued Regulation No. 7 the Year 2022 concerning Amendment to Regulation Of The Minister Of Industry Number 28 the Year 2020 Regarding Battery Electric Vehicle In Completely Knocked Down And Incompletely Knocked Down...
PT Perusahaan Listrik Negara (Persero) (PLN) provides an electricity tariff discount of 30% for electric car owners who charge electric car batteries through a home charging facility. The discount is provided with the condition that the charging of the electric car...
On 24th March 2022, the MoF issued Regulation No. 26/PMK.010/2022 concerning Stipulation of Goods Classification System and Import Duty Tariff Imposition on Imported Goods (“PMK-26/2022”). PMK-26/2022 revokes all previous MoF regulations concerning...
The government will postpone the implementation of the carbon tax. Previously, the government planned to implement a carbon tax starting on 1 April 2022. However, the government postpones the plan to implement a carbon tax to July 2022. The Head of the Fiscal Policy...
The VAT provisions in the Law on Harmonization of Tax Regulations (“HPP Law”) officially took effect on 1st April 2022, including the increase of the VAT rate to 11%. The provisions are contained in Article 7 of Law No. 7 of 2021. Director of Counselling,...
Minister of Finance (“MoF”) issued regulation No. 11/KM.10/2022. This decision stipulates monthly interest rates as basis for calculation of administrative sanctions in the form of interest and granting of interest compensation that shall be...
The MoF issued regulation No. 7/PMK.04/2022 regarding customs issue. The Director General of Customs and Excise (Director General) may determine the origin of goods on goods to be imported in Preference-Scheme or Non-Preference Scheme before Customs...