These Are the Complete Design of the Tax Stimulus

By Editorial Team 12/03/2020
Tax Low
Summary

The government will bear income tax on salaries, wages, and honorariums (PPh Article 21) as an incentive in the continued economic stimulus package to reduce the impact of the coronavirus ​​(Covid-19) outbreak. Finance Minister Sri Mulyani Indrawati said on Wednesday (3/11) that the government would warrant the income tax for six months.

The Coordinating Minister for Economic Affairs Airlangga Hartarto said the income tax incentives borne by the government would be given to companies in the manufacturing industry sector. But, he could not ensure the type of industry and when the incentive will be applied. The legal basis for the incentive regulation is expected to be issued in April.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.