IMPORTERS AT THE CROSSROADS

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Nov 14, 2018
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JAKARTA - News about the implementation of PMK No.229 / 2017 which purchased and PPh final 0,5% which come into effect in July to be spotlight of mass media today, Thursday (24/05/2018).

Here's a summary of the main topics in a number of national media outlets today:

Importer at the Crossroads. Government policy to provide special import duty tariff for importers in the framework of free trade is almost useless due to the implementation of PMK no. 229/2017 which is convoluted and unprepared by the Directorate General of Customs and Excise.

Final Income Tax of 0.5% Applicable July. Implementation of the revised Government Regulation (PP) no. 46/2013 on Income Tax on Income from Business Received or Obtained by Taxpayers with Specific Gross Gross Income as of July 1, 2017.

Economy Keeps Going. The depreciation of the rupiah against the US dollar is not expected to have a major impact on economic growth. On the other hand, the growth of money in the broadest sense (M2) low has the potential to hold back the pace of economic growth.

Tax Incentives for Rising Venture Capital. The Government released the Minister of Finance Regulation No.48 / PMK.03 / 2018 on Tax Treatment of Venture Capital Company's Equity in Micro, Small and Medium Enterprises.

Rupiah Awaits New Governor's Prescription BI. Bank Indonesia (BI) will officially have a new governor on this day. The head of the monetary authority is now held by Perry Warjiyo, along with his inauguration as BI Governor in the Supreme Court (MA) on Thursday (24/5).

Expect Eid for Higher Economy. The Eid Al-Fitr holiday is a matter of days. Lebaran celebration in mid-June is expected to boost national economic growth in the second quarter of 2018 to reach 5.2%. Public purchasing power will be the main motor of economic growth.

SBR003 Sales Exceed Target. Two days before the end of the bidding period, the sale of Government Securities (SBN) retail online successfully passed the target. SBN named Saving Bond Retail SBR003 series has sold more than Rp 1 trillion.