Indonesian Parliament Passes The New Income Tax Law
The Indonesian parliament finally approved the income tax bill proposed by the government. This law, Number 36 of 2008 regarding Fourth Amendment to Law Number 7 of 1983 on Income Tax, will come into force at the beginning of the 2009 fiscal year. A potential tax revenue decrease of up to IDR 40 trillion is expected as a result.
Major changes from the previous law can be found in the attachement or is accessible through the website: http://www.abnrlaw.com/publications.php
Source:
ALI BUDIARDJO, NUGROHO, REKSODIPUTRO
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