Tag
#Corporate Income Tax Reduction
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articleFiscal Corrections to Rebates, “3M”, and Business Realities
Differing views on rebates can trigger tax disputes. Proper documentation helps ensure rebates qualify as deductible business expenses.
Jul 6, 2026
articlePhilippines Slashes Corporate Income Tax Rate to 20%
The Philippines is rumored to have cut its corporate income tax rate from 25% to 20%.
Nov 13, 2024
articleTax Holiday Update: Extended Registration, Global Minimum Tax Clause Regulated
To align with the imposition of the global minimum tax, provisions for the 50% and 100% Income Tax reduction facilities have been revised.
Nov 5, 2024
articleGovernment Reviews Government-Borne Corporate Income Tax Incentive of 10% for Tourism Sector
The government revealed plans to provide incentives for the tourism sector in the form of a 10% government-borne Corporate Income Tax.
Jan 28, 2024
articleBuilding Nusantara Capital City, Government Exempts Corporate Income Tax for Up to 30 Years
The government exempts Income Tax or a tax holiday, for up to 30 years for companies investing in the Nusantara Capital City (IKN), with a minimum investment value of IDR 10 billion.
Mar 13, 2023
articleEnjoying Reduced Income Tax Rate Facility, Issuers Must Report Share Ownership
Go Public Corporate Taxpayers (WP badan) must submit monthly reports of share ownership and ownership report that have a special relationship to the Directorate General of Taxes (DGT). This provision applies to go public corporations or issuers that take advantage of reduction of Income Tax (PPh) rates.
Sep 11, 2020
articleIncome Tax Regulation for Listed Companies Released
Companies must be a Limited Company (PT) with a minimum number of shares traded on the stock exchange as much as 40% and owned by a minimum of 300 parties. Each party has a maximum share of 5% in the minimum period of 183 calendar days.
Jun 26, 2020
articleGovernment Releases New Tax Incentives to Overcome Covid-19
The government released new tax facilities in the context of Covid-19 countermeasure in the form of: (1) 3% income tax discount for medical equipment manufacturers and companies that conduct buyback shares, and (2) the application of 0% final income tax for providers of leasing services to the government, medical personnel and other supporting personnel who received the assignment, as well as state officials,civil servants, members of the Indonesian National Armed Forces (TNI) and the Indonesian National Police (Polri), and their retirees.
Jun 22, 2020
articleTariff Reduction of ITA 25 is Effective As of April 2020 Tax Period
Income tax tariff reduction of corporate taxpayer is conducted through two steps. The first step, the previous rate of Income Tax Article (ITA) 25 is lowered to 22% for the fiscal years of 2020 and 2021. While starting from 2022 onward, the prevailing tariff is even lower, which is 20%.
Apr 27, 2020
articleConsidering the Logic of Corporate Tax Trimming Amid Pandemic
The government finally trimmed the corporate tax rate. The Corporate Income Tax (CIT) is gradually lowered from 25% to 22% in 2020-2021 and becoming 20% starting from 2022.
Apr 7, 2020
articleImplementation of Reduction of Corporate Tax Income
The income tax calculation for tax year 2019 uses the tariff that applies to 2019 tax year which is 25 percent. Thus, the calculation and deposit of underpayment income tax (Income Tax Article/ITA 29) reported in the 2019 Annual Tax Return are still using the 25 percent tariff.
Apr 4, 2020
