VAT Borne by the Government Incentive for Mass Media and the National Implementation of E-Faktur 3.0

To address the impact of Covid-19 on the productivity of printed mass media, the government provides VAT Borne by the Government facility on imports and/or supplies of newspaper and magazine paper to press companies. This facility provided under a regulation elaborated in this edition of the newsletter. Moreover, this edition discusses a regulation outlining the form and procedures for the submission of reports on the fulfillment of the requirements for the utilization of corporate income tax rate reduction for publicly listed companies. The newsletter also contains a review of a regulation related to the postponement of trial proceedings at the tax court, the imposition deadline of the final MSME income tax for corporate taxpayers, the implementation of e-Faktur version 3.0, and the 2020 regional fiscal capacity maps.

Contents

• VAT Incentives on Imports and/or Supplies of Newspaper and Magazine Paper
• Regulation on the Reporting of Income Tax Rate Reduction Incentives for Publicly Listed Companies
• Deadline for the Imposition of MSME Final Income Tax for Corporate Taxpayers
• Implementation of e-Faktur 3.0
• Postponement of Trial Proceedings at the Tax Court
• 2020 Regional Fiscal Capacity Maps