Tax Incentives for the Development of Human Resources Further Regulated

The Minister of Finance (“Minister”) has issued Regulation No. 128/PMK.010/2019 on the Granting of Gross-Income Deductions for the Organization of Work Practice, Internship and/or Learning Activities in Relation to the Building and Development of Certain Competence-Based Human Resources (“Regulation 128/2019”) as a follow-up to Regulation of the Government No. 94 of 2010 on Calculations of Taxable Income and Settlements of Current Year Income Tax, which was most recently amended through the issuance of Regulation No. 45 of 2019 (“Regulation 94/2010”).[1]