Omnibus Law means a method or concept of making regulations that combines several rules with different regulatory substances, into one rule under one legal umbrella. The Omnibus Law simultaneously changed several areas in the Law (UU) in the areas of General Provisions and Tax Administration (KUP), Income Tax (PPh) and Value Added Tax (VAT).
Based on POJK No. 34/POJK.04/2019, Mutual Funds in the Form of Limited Equity Collective Investment Contracts, hereinafter referred to as Limited Equity Mutual Funds (RDPT), are financial vehicles used to raise funds from professional investors which are then invested by the Investment Manager in a securities portfolio based on real sector activities
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.
- Page 1 of 2