Tax Incentives for Transportation Sector, Sanction for Customs, and Target of Extensification

DDTC Newsletter Vol.02 | No.01

25 July 2019

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This edition discusses the latest tax incentive provided by the government for business players in transportation sector in the form of non-collected VAT. On the other hand, the government also issued regulations concerning the target of tax extensification along with new provisions that followed up the spontaneous exchange of tax information to cover up the revenue foregone due to tax incentives. Furthermore, there are new provisions regarding the provisions for calculating administration fines for customs and the revocation of technical rules for calculating Income Tax Article 25 for certain enterpreneurs.

Contents

• Tax Facility for Transportation Sector to Be Non-Collected of VAT
• The Revocation of Implementing Rules on Instalment Calculation of Income Tax Article 25 for Certain Individual Entrepreneurs
• The Follow-Up of Spontaneous Exchange Of Information
• Extensification Target of the DGT
• New Provisions of Administrative Sanctions in the Form of Customs Fine

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