In Order For The Printed Media To Remain Productive, The Government Pays Taxes For Newspapers And Magazines

Illustration. (Photo: Unsplash)

JAKARTA - The government will bear the Value Added Tax (PPN) tariff on imports or submission of newspapers and magazines to maintain the productivity of print media companies during the COVID-19 pandemic.

Head of the Fiscal Policy Agency of the Ministry of Finance, Febrio Kacaribu, said that this incentive was given to press companies that experienced income disruptions due to the plague.

This regulation is listed in PMK Number 125 / PMK.010 / 2020 concerning Government-borne Value Added Tax (PPN DTP) on imports and / or delivery of newsprint and / or magazine paper conducted by print media press companies in the 2020 fiscal year.

"This PMK is expected to help print media press companies to maintain productivity during the COVID-19 pandemic," said Febrio, quoted from Antara, Wednesday, September 16.

He explained that print media companies that get this convenience are print media companies that organize, broadcast, or distribute information in the form of publishing newspapers, journals, newsletters, and magazines with the Business Field Classification code 58130.

Meanwhile, newsprint which is granted import or acquisition facilities in the form of VAT DTP is newsprint which is generally used as newsprint as listed in heading 4801 of the 2017 Indonesian Customs Tariff Book.

Furthermore, the magazine paper in question is the type of paper which is generally the raw material for paper as listed in heading 4802, heading 4805, post 4810, and heading 4811 Indonesian Customs Tariff Book 2017.

"VAT DTP on newspapers or magazines can be used after this PMK comes into effect until December 31, 2020," said Febrio.