Tax & Business

This chapter offers an overview of Indonesia’s tax system, focusing on the revision of the tax holiday facility; the introduction of the online single submission system; measures taken to improve financial inclusion, such as Regulation No. 13/POJK.02/2018, which supervises and regulates financial technology; revisions made to Article 22 Income Tax provisions in order to manage imports that could affect the strength of the rupiah; adjustments to Article 31D of the Income Tax Law for the mining sector; and measures to increase transparency, such as The Law on Financial Information Access for Tax Purposes. This chapter also contains a viewpoint from Sharly Rungkat, Partner, Deals Strategy, PwC Indonesia.