Indonesia's Ministry of Finance has issued Regulation No.110/PMK.03/2020, which expands the COVID-19 relief measures originally introduced primarily for the manufacturing sector in April 2020 and subsequently extended and expanded by Regulation No. 44/PMK.03/2020 and Regulation No. 86/PMK.03/2020.
One of the main changes provided by Regulation No.110/PMK.03/2020 is an increased reduction in monthly corporate tax payments from a 30% reduction to a 50% reduction for qualifying taxpayers with…