Tax Incentives for Taxpayers Affected by Covid-19 Re-extended

DDTC Newsletter Vol.05 | No.02

11 February 2021

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The government has recently re-extended the tax incentive policy for taxpayers affected by the Covid-19 outbreak. This extension is expected to help economic recovery and alleviate the burden on business players. Moreover, this edition discusses several other recent regulations, i.e. the new provisions on the VAT withholding procedures by SOEs as withholding agents, export price provisions for the calculation of export duties, monthly interest rates for the calculation of tax penalties, and import policies for certain products.

Contents

• Extension of Tax Incentives for Taxpayers Affected by the Covid-19 Pandemic
• VAT and SLTGs Withholding by State-Owned Enterprises and Certain Companies Owned by State-Owned Enterprises
• The Latest Regulation on Export Prices for the Calculation of Export Duties
• Interest Penalties and Compensation Interest Rates for February 2021
• The Imposition of Safeguard Import Duties on Imports of Carpets and Other Textile Floor Coverings Products
• Anti-Dumping Import Duty Policy on Imports of Biaxially Oriented Polyethylene Terephthalate (Bopet) Products from India, the People’s Republic of China, and Thailand

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