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"
- VAT Refund Processing for Foreign Passport Holders During Coretax Downtime
- Indonesia Offers 0% Tax Incentive for Compliant Exporters
- Indonesia POS and Fiscalization Requirements: VAT, Receipts, Reporting, and Payment Methods Explained
- Indonesia POS and Invoicing: No Fiscalization, Flexible Receipts, Electronic Invoices Allowed
- Indonesia Proposes 40-100% VAT Incentives for Pure Electric Vehicles, Excludes Hybrids
