Page 1 - Newsletter (Reduction of Income Tax Rates for Publicly Listed Companies and Establishment of VAT Withholder Criteria for E-Commerce Businesses)

DDTC Newsletter Vol.04 | No.01 I July 2020

Reduction of Income Tax Rates for Publicly
Listed Companies and Establishment of VAT
Withholder Criteria for E-Commerce Businesses

Contents
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ABOUT DDTC • Reduction of Resident Corporate Income Tax for Publicly
Listed Companies
• Income Tax Treatment for Scholarships that Meet Specific
DDTC is a research and knowledge based taxation
Requirements and Surplus Received by Non-Profit
institution and a center of a number of taxation activities
Institutions
units with high standards that serve as main references in
• Tax Facilities for Upstream Oil and Gas Business Activities
the field of taxation. with Gross Split Production Sharing Contracts
• Ministry of Finance’s 2020-2024 Strategic Plan
Our firm consists of consultation services (DDTC • Changes to the Posture and Details of Revised State Budget
Consulting), a center for review and research (DDTC Fiscal for the 2020 Budget Year
Research), taxation journals (DDTC Working Paper), a • Expanded Scope of Services of Tax Application Service
Providers
training center (DDTC Academy), a provider of tax law
• The Stipulation of VAT Centralization
documents (DDTC Tax Engine), a library (DDTC Library),
• The Threshold of Transaction Value and Access to PMSE VAT
and taxation news portal (DDTC News).
Withholders
ABOUT DDTC Newsletter • Technical Guidelines on the Ex officio Granting of Tax
Identification Numbers to Support the PEN Program
• Implementation of Tax Transaction Recording Application
Published every two weeks, DDTC Newsletter provides
• Postponement of Trial Proceedings and Suspension of
a summary of key tax law changes, both the current
Administrative Services in the Tax Court
modifications and changes in taxation regulations,
• Adjustments to the Implementation of Unified Periodic Tax
particularly those pertaining to domestic policies.
Returns for Government Agencies
• The Stipulation of Import Duties in the Framework of ASEAN-
Hong Kong Free Trade Agreement (AHKFTA)
• The Stipulation of Import Duties in the Context of the
Indonesia-Australia Comprehensive Economic Partnership
Agreement (IA-CEPA)
• Changes in Types of Imported Goods to Address Covid-19
Entitled to Taxation Facilities