Reduction of Bond Interest Rate for Resident Taxpayers and Permanent Establishments

The government has recently issued a regulation concerning the reduction of bond interest rate for resident taxpayers and permanent establishments. The rate has been reduced from 15% to 10%. On another note, the government has also issued a regulation pertaining to VAT exemptions on imports of strategic BKP and supplies of flats. Several other new tax regulations are comprehensively discussed in this edition of this newsletter.

Contents

• Reduction of Bond Interest Rates for Resident Taxpayers and Permanent Establishment
• VAT Exemptions on Imports of Strategic Taxable Goods and Supplies of Flats
• Restipulation of VAT Exemptions on Certain Strategic Taxable Goods
• Income Tax on Transfers of Participating Interests in Upstream Oil and Gas Activities
• Changes to Provisions on Face-to-Face Service Procedures at the Tax Court
• September 2021 Interest Penalties and Compensation Interest Rates
• Guidelines for the Granting of Government Agency Identification Numbers and Tax Filing Obligations
• Procedures for Tax Withholding and Collection and Filing of Periodic Tax Returns for Government Agencies
• Provisions on the Testing of Tax Invoices for Creditable VAT
• Regional Fiscal Capacity Maps