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Indonesia Issues Regulation on Conditions for Reduced Tax Rate for Publicly Listed Companies

|Approved Changes|Indonesia
Indonesia

Indonesia has published Regulation No. 30 of 19 June 2020, which regulates the conditions for the 3% corporate tax rate reduction introduced for companies publicly listed on the Indonesia Stock Exchange that was introduced as part of measures in response to COVID-19. In connection with a general reduction in the corporate income tax rate, this results in rates of 19% for 2020 and 2021 (22% sta…

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