Minister of Finance (MoF) Regulation No. 23/PMK.010/2019 (PMK-23), which became applicable on 1 April 2020, provides that the government will automatically deem the following registered taxable entrepreneurs (PKP) as low risk and, as a result, they are eligible for a preliminary VAT refund facility (previously these types of PKP had to apply to be considered low risk with respect to the VAT refund facility): ..
Source: BDO
Latest Posts in "Indonesia"
- Scheduled Downtime for e-Faktur Web and e-Filing Applications on 18 September 2025
- Indonesia to Launch AI System for Real-Time Customs Oversight and Revenue Enhancement
- Indonesia Extends Property VAT Incentive Until 2027 to Boost Housing Market and Demand
- Jakarta Considers VAT Cut to Stimulate Consumption Amid Falling Tax Revenue
- Government Considers VAT Rate Cut to Stimulate Consumer Spending Amid Economic Slowdown
