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In this edition, we highlight three key regulatory developments issued by the Government of Indonesia that are expected to impact the country’s tax and financial landscape. GR-20 introduces important updates to income tax provisions, including the disallowance of expenses related to bribery and corruption. PMK-28 refines the procedures for preliminary tax refunds by strengthening eligibility criteria and clarifying administrative requirements. Additionally, GR-21 revises the framework for foreign exchange proceeds from natural resource exports (DHE SDA), emphasizing domestic retention to support macroeconomic stability. Further details are provided in the publication.
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