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(11 December 2020) The Indonesian Government recently passed Law
No. 11 of 2020 regarding Job Creation (the
Omnibus
Law ). The stated aim of the Omnibus Law is to
bolster investment and create jobs by streamlining regulations and
simplifying the licensing process to improve the ease of doing
business in Indonesia.
The Omnibus Law, among other things, introduces and amends a
number of provisions on taxation matters in Indonesia.
Specifically, it amends provisions of:
Law No. 7 of 1983 regarding Income
Tax, as amended several times, most recently by Law No. 36 of 2008
Indonesia Omnibus Law and the Impact on Tax Laws
Indonesia
December 11 2020
(11 December 2020) The Indonesian Government recently passed Law No. 11 of 2020 regarding Job Creation (the “
Omnibus Law”). The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia.
The Omnibus Law, among other things, introduces and amends a number of provisions on taxation matters in Indonesia. Specifically, it amends provisions of:
Law No. 7 of 1983 regarding Income Tax, as amended several times, most recently by Law No. 36 of 2008 (the “
Income Tax Law”);