The following are the tax incentives that will continue until June 30, 2021 - Minister of Finance Sri Mulyani has extended the provision of incentives for taxpayers who are experiencing economic pressure due to the corona virus. The extension of the provision of incentives as stated in PMK Number 9 of 2021 concerning the Provision of Tax Incentives is carried out until June 30, 2021.
There are 6 tax incentives whose grants are extended:
Income Tax Article 21
Based on an official statement issued by the Directorate General of Taxes at the Ministry of Finance, incentives are given to employees of companies operating in one of 1,189 specific business fields, companies that have easy import facilities for export purposes (KITE), or companies in bonded zones. Against them, PPh 21 or salary tax is borne by the state.
Finance Minister Sri Mulyani has extended the provision of stimulants for taxpayers who are experiencing economic pressure due to the corona virus. The extension of the provision of stimulants listed in PMK Number 9 of 2021 regarding the Provision of Tax Incentives will be carried out until June 30, 2021.
This incentive is given to SMEs. They get final income tax incentives at a rate of 0.5 percent which is borne or paid for by the government. Thus, SMEs no longer need to pay taxes.
In addition, parties who transact with MSME actors do not need to cut or collect taxes.
For MSME actors who want to get this incentive, they do not need to submit a PP 23 certificate. They simply submit a realization report every month.
Final PPh construction services
Taxpayers who receive income from construction services in the acceleration program for improving irrigation water use will receive incentives for final PPh on construction services borne by the government.
The provision of incentives is carried out to support the increase in irrigation water supply as a labor-intensive project which is an important requirement for the agricultural sector.
Income Tax Article 22 Import
Taxpayers who are engaged in one of 730 certain business fields, KITE companies or companies in bonded zones get incentives for exemption from the import of Article 22 PPh.
PPH Article 25
Taxpayers who are engaged in one of 1,018 certain business fields, KITE companies or companies in bonded zones get a reduction in Article 25 income tax installments of 50 percent of the installments that should be owed.
Low-risk taxable entrepreneurs who are engaged in one of 725 certain business fields, KITE companies or bonded zone companies get incentives for accelerated restitution up to a maximum overpayment of IDR 5 billion.
"This incentive can be given if the taxpayer's business field classification code (KLU) in the 2019 Annual Income Tax Return or the correction of the 2019 Annual Tax Return is in accordance with the KLU in the provisions of this regulation," said Director of Extension, Services and Public Relations of the Directorate General of Taxes Hestu Yoga. Saksama, Wednesday (3/2).
He added that employers or taxpayers who wish to take advantage of the Article 21 Income Tax incentive or a reduction in the amount of Article 25 Income Tax installments starting from the January 2021 tax period, will be given a relaxation of notification submissions until February 15, 2021.
Source : cnnindonesia.com
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