Overview

Law No. 11 of 2020 on Job Creation (“Job-Creation Law”) recently revised the following taxation-related laws:[1]

1. Law No. 7 of 1983 on Income Tax, which has been amended several times, most recently, prior to the issuance of the Job Creation Law, through the issuance of Law No. 36 of 2008;
2. Law No. 8 of 1983 on Value-Added Tax on Goods and Services and Luxury Goods Sales Tax, which has been amended several times, most recently, prior to the issuance of the Job Creation Law, through the issuance of Law No. 42 of 2009 (“Law 8/1983”); and
3. Law No. 6 of 1983 on General Taxation Provisions and Procedures, which has been amended several times, most recently, prior to the issuance of the Job Creation Law, through the issuance of Law No. 16 of 2009 (“Law 6/1983”).