Based on Article 64 PP No. 55 of 2022 the Income Tax rate applied to taxable income for taxpayers of domestic entities and permanent establishments is 22% (twenty two percent) which applies in Fiscal Year 2020 and Fiscal Year 2021; and 22% (twenty two percent) which will take effect in the 2022 Tax Year, in accordance with the provisions of Law Number 7 of 2021 concerning Harmonization of Tax Regulations.
Domestic corporate taxpayers as referred to in Article 64 are in the form of a public company; with the total number of paid-up shares traded on the stock exchange in Indonesia at a minimum of 40% (forty percent); and meet certain requirements, may obtain a rate of 3% (three percent) lower than the rate referred to in Article 64.
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