To encourage national economic growth while maintaining business continuity in the retail trade sector during the COVID-19 pandemic, the government offers incentives in the form of VAT borne by the government for the rental of space or buildings by retail merchant tenants. This is governed by the issuance of Minister of Finance Regulation No. PMK 102/PMK.010/20201 (PMK-102).
Source: internationaltaxreview.com
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
