Tax Incentives for Taxpayers Affected by the Corona Virus Disease 2019 Pandemic
Regulation of the Minister of Finance No. 114/PMK.03/2022 on the Amendment to Regulation of the Minister of Finance No. 3/PMK.03/2022 on Tax Incentives for Taxpayers Affected by the Corona Virus Disease 2019 Pandemic
Enforcement Date: 11 July 2022
- The period for the granting of incentives in the form of exemptions to the collection of Article-22 Import Income Tax (Pajak Penghasilan – “PPh”) has now been extended until 31 December 2022. Meanwhile, the period for the granting of incentives in the form of reduced installments for Article-25 PPh and final PPh borne by the government has now been extended until the December 2022 tax period.
- Taxpayers may take advantage of the incentive that takes the form of a reduction in the amounts of Article-25 PPh installments from the July 2022 tax period by submitting a notification of the use of said incentive within 30 days of the enforcement date of this Amendment.
- Furthermore, taxpayers who have already submitted applications for certificates of exemption from the collection of Article-22 Import PPh based on Regulation of the Minister of Finance No. 3/PMK.03/2022 on Tax Incentives for Taxpayers Affected by the Corona Virus Disease 2019 Pandemic (“Regulation 3/2022”) and taxpayers who have already submitted notifications for the use of incentives for a reduction in the amounts of Article-25 PPh installments based on Regulation 3/2022 should resubmit said applications/notifications in order to be able to take advantage of the relevant tax incentive using the online form that is available at: www.pajak.go.id.
- Reports on the realization of final income tax borne by the government for the January 2022 to June 2022 tax period that either have or have not been submitted by tax withholders based on Regulation 3/2022 must be resubmitted by the relevant persons in charge in order to take advantage of the tax incentives set out under this Amendment.
- Tax withholders who have not submitted reports on the realization of the final PPh incentives for construction services borne by the government or who have submitted reports on realizations and/or reports on realizations of corrections for final PPh incentives for construction services borne by the government, based on Regulation of the Minister No. 9/PMK.03/2021 on Tax Incentives for Taxpayers Affected by the COVID-19 Pandemic, as amended several times, most recently by Regulation of the Minister No. 149/PMK.03/2021, must submit realization reports by no later than 31 December 2022 in order to take advantage of the 2021 PPh incentives.
*This section is provided in collaboration with HukumOnline
