Procedures for Formal Examinations of Evidence of Income-Tax Payments for Land/Building Transactions Updated

Through the issuance of Regulation No. PER-08/PJ/2022 (“Regulation 8/2022”), the Director-General of Taxes (“Director-General”) has now updated procedures for the examination of evidence relating to the fulfillment of income-tax obligations for income deriving from the following types of transactions (collectively referred to as “Income-Tax Payments for Land/Building Transactions”):

1. Transfers of rights over land and/or buildings; and
2. The drawing up of sale-and-purchase agreements for conditional lands and/or buildings and their amendments.