The Covid-19 Pandemic has significantly affected the economic growth of all countries in the world, including Indonesia. In an effort to maintain economic stability as a result of Covid-19, the government of the Republic of Indonesia through the Minister of Finance of the Republic of Indonesia has issued regulations regarding incentives for Taxpayers during the Covid-19 pandemic.
There are 5 (five) types of incentives for Taxpayers from the government of the Republic of Indonesia, as follows: Incentives from the Income Tax (PPh 21) – a tax levied on salaries, wages, benefits and other types of payments in any form relating to work, position, services, and other activities of individuals as domestic tax subjects; Incentives from Final PPh based on Government Regulation No. 23 of 2018; Incentives from Export and Import Tax (PPh 22) – a form of tax deduction or collection carried out by the Foreign Exchange Bank or the Directorate General of Customs and Excise when a Taxpayer imports goods; Incentives from the Installments of Tax (PPh 25) – a tax paid in installments to ease the burden of Taxpayers; and the last is incentives from Value Added Tax (PPN) – a tax imposed on every process of production and distribution.
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