Micro, Small Business Permits, Explanations, Terms, And Mechanism Permits

Small Micro Business Permit (I'm Nik I'm Unsplash)

YOGYAKARTA - In a country, there are various types of businesses that are distinguished according to certain elements, such as micro-enterprises in components of Micro, Small, and Medium Enterprises (MSMEs).

Micro-enterprises are the smallest variety of businesses with a promising possibility of profit acquisition. Without micro-enterprises, the country's economy cannot even develop properly.

Let's find out how to get a micro and small business license.

In accordance with Law Number 20 of 2008 concerning Micro, and Medium Enterprises (MSMEs), the understanding of MSMEs is as follows:

Micro Enterprises are productive businesses owned by individuals and / or individual business entities that meet the criteria for Micro Enterprises as controlled in this law, namely with the highest total assets of IDR 50,000,000 and the highest amount of turnover of IDR 300,000,000.

Small businesses are productive economy businesses that stand alone, which are run by individuals or business entities that are not branches of the company or are not branches of the company owned, regulated, or become components either directly or indirectly from medium enterprises or large businesses that meet the business criteria as referred to in this law, are the highest amount of assets > IDR 50,000,000 to IDR 500,000,000 and the highest amount of turnover is > IDR 300,000,000 to IDR 2.5 billion.

Requirements

Mechanism

What is the rate for micro and small business licenses?

Membuatan izin Usaha UMKM Tidak Dupungkut Tarif, Semuanya Free.

Is micro and small businesses taxable?

The latest regulations are now coming from Taxes for Business, Micro, Small and Medium Enterprises (MSMEs). The new regulations that have been in effect since April 1, 2022, contain MSME companies that have a turnover below Rp 500 million free of tax or are subject to a 0% tax rate.

So after knowing the micro and small business licenses, watch other interesting news on VOI, it's time to revolutionize news!