Director-General of Tax Issues New Implementing Procedures for the Provision of Tax Incentives

With Indonesia currently facing a “near-certain recession” as a result of the ongoing Corona Virus Disease 2019 (“COVID-19”) pandemic,[1] the government is hoping to establish uniformity as regards the implementation of Regulation of the Minister of Finance No. 86/PMK.03/2020 on Tax Incentives for Taxpayers Affected by the Corona Virus Disease 2019 Pandemic (“Regulation 86/2020”), as amended by Regulation of the Minister of Finance No. 110/PMK.03/2020 (“Regulation 110/2020”), through the issuance of Circular of the Director-General of Tax (“Director-General”) No. SE-47/PJ/2020 (“Circular 47/2020”).[2]