Gov’t Reveals New Income Tax, VAT Regulations in Harmonized Taxation Bill
The House of Representatives passed the harmonized taxation bill (RUU HPP) in a plenary meeting on Thursday (7/10). The bill includes changes to several provisions on income tax and value-added tax (VAT). Tax bracket for individual income tax of 5 percent will apply to individual tax residents who earned Rp60 million per year, or increased […]