Government Releases Derivative Regulations on the Taxation Cluster of Job Creation Law and Incentive Policies for Cooperatives and MSMEs

DDTC Newsletter Vol.05 | No.03

26 February 2021

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The government has recently released various new tax regulations, ranging from the derivative regulations of the ease of doing business cluster in the taxation sector of Job Creation Law and incentive policies to promote the development of cooperatives and MSMEs. The government has also released a technical regulation related to provisions on Taxable Persons for VAT Purposes required to produce withholding tax receipt and file Unification Periodic Income Tax Returns.

Moreover, this edition reviews other regulations, including the tax treatment of transactions by the investment management institution and/or entities it owns, local taxes and retributions policies, guidelines for the adjustments of trial proceedings and other administrative services in tax courts, and other new regulations.

Contents

• Derivative Regulation on the Taxation Cluster of Job Creation Law
• Taxpayers Obliged to Electronically Prepare Unification Withholding Tax Receipts and Unification Periodic Income Tax Returns
• Tax Policy for Cooperatives and MSMEs
• Tax Treatment on Transactions of Investment Management Institution and/or Its Entities
• Tax Relief in Connection with Natural Disasters in South Kalimantan and West Sulawesi
• Pricing of Steam and Electricity in Connection with the Stipulation of Tax Base of Land and Building Tax of Geothermal Mining Sector
• Adjustment of Policies on Rates and Local Taxes and Retributions
• Ministry of Home Affairs Releases Regulation Related to the Calculation of the 2021 Motor Vehicle Tax Base and Transfer of Motor Vehicle Title Fee
• Guidelines for the Adjustment of Trial Proceedings and Other Administrative Services at the Tax Court
• Postponement of Trial Proceedings and Temporary Suspension of Face-To-Face Services at the Tax Court

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