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Selasa, Desember 4, 2018

Certain Pioneer Industries Eligible for Tax Holidays

Tax incentives are one of the approaches taken by the government under the new Economy Policy Package XVI. One such tax incentive is the introduction of the new tax holiday, as regulated under Regulation of the Minister of Finance No. 150/PMK.010/2018 on Corporate Income-Tax Deductions (“Regulation 150/2018”).
Under Regulation 150/2018, some 18 pioneer industries are eligible to enjoy tax-holiday facilities, including: 1) Agricultural, plantation and forestry product processing industries which produce pulp, either with or without its derivative products; and 2) Digital economy industries. These two industries were not previously entitled to enjoy any tax holiday under the now obsolete Regulation of the Minister of Finance No. 35/PMK.010/2018 (“Regulation 35/2018”).
Moreover, Regulation 150/2018 also sets a new tier for new investments within pioneer industries. Under this new tier, investments amounting to IDR 100 - 500 billion are eligible to enjoy a tax-holiday facility which comprises a 50% discounted rate on any matured corporate income tax total. This type of tax holiday will prevail for a five-year period, to be followed by a further two-year period at a 25% discount rate.
For more on this story, see Hukumonline: Cermati, Ini Rincian 18 Industri Pionir Nikmati Fasilitas Tax Holiday”.
For more on Regulation 35/2018, see ILB. No. 3343.

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Tax incentives are one of the approaches taken by the government under the new Economy Policy Package XVI. One such tax incentive is the introduction of the new tax holiday, as regulated under Regulation of the Minister of Finance No. 150/PMK.010/2018 on Corporate Income-Tax Deductions (“Regulation 150/2018”).
Under Regulation 150/2018, some 18 pioneer industries are eligible to enjoy tax-holiday facilities, including: 1) Agricultural, plantation and forestry product processing industries which produce pulp, either with or without its derivative products; and 2) Digital economy industries. These two industries were not previously entitled to enjoy any tax holiday under the now obsolete Regulation of the Minister of Finance No. 35/PMK.010/2018 (“Regulation 35/2018”).
Moreover, Regulation 150/2018 also sets a new tier for new investments within pioneer industries. Under this new tier, investments amounting to IDR 100 - 500 billion are eligible to enjoy a tax-holiday facility which comprises a 50% discounted rate on any matured corporate income tax total. This type of tax holiday will prevail for a five-year period, to be followed by a further two-year period at a 25% discount rate.
For more on this story, see Hukumonline: Cermati, Ini Rincian 18 Industri Pionir Nikmati Fasilitas Tax Holiday”.
For more on Regulation 35/2018, see ILB. No. 3343.

......

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Terfavorit

Rp 8.200.000 /bulan

Lihat Detail

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New

Rp 12.500.000 /bulan

Lihat Detail

*Syarat dan ketentuan berlaku

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