After speaking to the media about the Government’s plan to increase the discount on Art. 25 income tax incentive from 30% to 50%, on 14 August, the Minister of Finance has finally issued the Minister of Finance Regulation No. 110/PMK.03/2020 (MoF-110) which supersedes 86/PMK.03/2020 (MoF-86) as the most recent update and regulation on the fiscal incentives provided to taxpayers in relation with Covid-19.
The two major updates on this MoF-110 are:
Please refer to the appendix of the attached regulation for complete business classification code entitled for the fiscal incentives.
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