During the COVID-19 pandemic, the Indonesian retail sector has been severely affected by restrictions on public activity imposed several times by the government. To ease the burden for retailers, the Minister of Finance on 30 July 2021 issued Regulation Number 102/PMK.010/2021 (PMK-102) introducing a government-borne VAT incentive for the sector.
Source: Deloitte
Latest Posts in "Indonesia"
- Indonesia Updates Digital Tax Rules for E-Commerce Sector
- Government Announces 50% VAT Discount on Airfare for Christmas and New Year Holidays
- Indonesia Extends Full VAT Relief on Housing Purchases Through 2026 to Boost Economy
- Indonesia, EU Finalize Free Trade Agreement to Counter US Tariffs
- Indonesia Extends VAT Incentives for Real Estate and Construction Sectors
