Amendments to Minister of Finance Regulation No. 86/PMK.03/2020
November 14, 2020
In PMK-110, taxpayers who are engaged in certain business fields will receive facilities of Ease Import for Export Purposes (KITE), and companies in bonded areas are entitled to an additional deduction from the installment of income tax article 25 from the previous 30% to a reduction of 50% of the total installments payable. This installment relief is due to the low economic conditions, especially in the production level and sales.
In addition, PMK-110 discusses the final income tax for construction services borne by the government for taxpayers in the program to accelerate the improvement of usage of water irrigation (P3-TGAI), to support the increase in water supply (irrigation) which is an important requirement in the agricultural sector.