Provisions on Tax Incentives for Taxpayers Affected by COVID-19 Updated

In response to the increasing spread of the Corona Virus Disease 2019 (“COVID-19”) pandemic, which is having a significant effect upon the Indonesian economy, particularly in relation to small- and medium-scale enterprises,[1] the Minister of Finance (“Minister”) has decided to renew the legal framework which addresses the granting of tax incentives to taxpayers affected by COVID-19 through the issuance of Regulation No. 44/PMK.03/2020 on Taxation Incentives for Taxpayers Affected by the Corona Virus Disease 2019 Pandemic (“Regulation 44/2020”), which significantly broadens the sectors able to enjoy tax incentives.[2]