Page 12 - 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 Page 12 of 13

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

and Taxation Facilities for Imported Goods to Address decrees on the granting of customs and/or excise and
the Corona Virus Disease 2019 (Covid-19) (MoF Reg. taxation facilities for the import of goods to address
83/2020). the Covid-19 pandemic. This regulation emphasizes
that the decrees remain valid to the extent that:
These types of goods have been reduced as items to
address Covid-19, such as hand sanitizers, products (i) the import declaration document has obtained
containing disinfectants, as well as masks and certain the number and date of the notification of the
types of personal protective wear, are sufficient for arrival of the means of transport or inward
domestic needs and can be substituted by domestically manifest (BC 1.1) before the status of Covid-19
produced goods. as a national disaster expires; or
Compared to the appendix of Minister of Finance (ii) the customs declaration documents on
Regulation No. 34/PMK.04/2020 concerning the the release of goods from bonded logistics
Granting of Customs and/or Excise and Taxation centers, free trade zones, bonded zones,
Facilities for Imported Goods to Address Corona Virus bonded warehouses, special economic zones,
Disease 2019 (MoF Reg. 34/2020) Pandemic, several and companies receiving import facilities for
types of goods are no longer listed in the appendix of export, have received the date of registration
MoF Reg. 83/2020. at the customs and excise office where customs
obligations have been fulfilled before the status
These items include hand sanitizers, disinfectants,
of Covid-19 as a national disaster expires.
and products containing ready-to-use disinfectants.
In addition, the facilities formerly given for import of Moreover, this regulation states that requests to obtain
masks in three HS Codes are currently reduced to two facilities for which the import declaration documents
HS Codes. have received the number and date of documents for
the notification of the arrival of means of transport or
Next, the import facilities for personal protective wear
inward manifest or customs declaration on the release
formerly granted 11 HS Codes are currently given
of goods have received the date of registration from
for two HS Codes only. At present, the government
the Customs and Excise Office prior to the enactment
no longer provides import facilities for personal
of this regulation, are processed as per the provisions
protective footwear, face shields, protective glasses,
under MoF Reg. 34/2020. Promulgated on 7 July 2020,
and head protectors either.
the regulation applies thereafter.
In addition to reducing the types of goods, under this
regulation, the government revises the provisions
relating to the validity period of the minister of finance

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