Essential Points in Taxation Bill

The government is currently working on the bill related to tax provisions and facilities. In this Taxation Bill, the government included rules on tax incentives that have been provided to business players, as well as new fiscal incentives that will be implemented immediately if the bill is approved and passed by the House of Representatives (DPR). Shortly, the government will submit the Taxation Bill to the DPR.

The tax bill is made to encourage economic growth through investment and expand tax objects and subjects. In the previous regulation, the government had difficulties in gaining tax revenues from specific sectors, for example, the digital industry. Therefore, the new rules will ease the government’s effort.