Bank Indonesia Policy Mix

Regulatory Points of The Bill on Harmonization of Taxation Laws A fair, healthy, effective, and accountable tax system 1. REVISION ON GENERAL PROVISION LAW Using ID Number as Tax number 3. REVISION ON INCOME TAX • Personal Income Tax Tariff Fine on audit and legal action, among others Action Old New Objection 50% 30% Appeal 100% 60% Judicial Review 100% 60% Brackets Old New Income Range Tariff Income Tariff Range 0 - IDR50 5% 0 IDR60 million 5% million || >IDR50 250 15% million >IDR60 million 250 15% ||| >IDR250-500 25% >IDR250-500 25% 2. REVISION ON VALUE ADDED TAX million million Reducing exemptions and facilities for fairness and effectiveness, while keep the society and business IV >IDR500 30% >IDR500 million- 30% interest intact. million 5 billion Tariff Revision V >IDR5 billion 35% Corporate Income Tax Tariff General Tariff Old New Old New Year Tariff Year Tariff Tariff Period Tariff Period Till March 2020 and 2021 10% 2022 11% 22% Since April 2022 12% The latest on 2022 onwards 20% 2022 onwards 22% January 2025 Specific tariff Final Tariff 1%, 2%, 3% of Business Turnover Source: Ministry of Finance

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