Entrepreneurs Requirements For 100 Percent Tax Discounts And How To Advance

Tax illustration (Kelly Sikkema on Unsplash)

The Ministry of Finance issued a new provision, namely that entrepreneurs can get a reduction in land and building taxes (PBB) of up to 100 percent. To get it, taxpayers must know the requirements for employers to get a 100 percent tax discount.

However, it should be noted that the UN in question is P5L PBB, namely the UN apart from rural and urban UN (PBB-P2). Management of the PBB-P2 itself is carried out by the regional government.

This rule is contained in the Minister of Finance Regulation (PMK) Number 129 of 2023 concerning the Provision of Land and Building Tax Reduction.

"It aims to improve administrative governance and provide more legal certainty, ease and service in providing UN reductions," explained the Director of Counseling, Services, and Public Relations of the Directorate General of Taxes (DGT) of the Ministry of Finance, Dwi Astuti, in his official statement, Monday, December 12.

For now, the DGT is perfecting the rules for reducing the UN before it is finally implemented. The improvement itself is carried out including adjustments to tax objects that can be given a reduction to the UN, additional electronic channels for submission and completion of applications, and arrangements for the provision of UN reductions on a position.

It should be noted that this rule only applies to entrepreneurs in the plantation, forestry and mining sectors (P3). In addition, entrepreneurs in certain sectors who can provide UN reduction facilities are those who have difficulty paying off UN obligations or tax objects owned by taxpayers (WP) affected by disasters or affected by other extraordinary events.

Not only that, facilities are also provided to taxpayers who find it difficult to pay off the PBB due to commercial losses and liquidity difficulties within 2 consecutive years.

For entrepreneurs who meet the criteria above, they can apply for a tax discount with the following steps.

The public is advised to know how to pay the PBB online so as to facilitate payments.

That's information regarding the requirements for entrepreneurs to get a 100 percent tax discount. Visit VOI.ID to get other interesting information.