Minister of Finance Reregulates Requirements and Procedures for PPh Reductions for Domestic Publicly-Traded Company Taxpayers

The Minister of Finance (“Minister”) has issued Regulation No. 40 of 2023 on Forms and Procedures for the Submission of Reports and Lists of Taxpayers Within the Context of the Fulfillment of Requests for Reductions in Income-Tax (Pajak Penghasilan – “PPh”) Rates for Domestic Corporate Taxpayers That Take the Form of Public Companies (“Regulation 40/2023”). This new framework sets out the form and procedures for the submission of reports and lists of taxpayers in order to request reductions in income-tax rates for domestic corporate taxpayers that comprise public companies.