Tax Cluster in the Job Creation Law The government officially promulgated Law 11/2020 concerning Job Creation on November 2, 2020. This regulation contains 15 Chapters and 186 Articles. Article 111 contains the Income Tax Law which discusses tax-free dividends.
Details explaining tax-free dividends are in the Regulation of the Minister of Finance (PMK) Number 18/PMK.03/2021 concerning Implementation of Law Number 11 of 2020. Exceptions from PPh objects apply to dividends originating from within the country received by taxpayers private person. In addition, dividends originating from abroad are received by taxpayers.
However, to get this incentive, taxpayers must reinvest min. 30% of dividends earned into investment instruments.
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