IJSRP, Volume 12, Issue 2, February 2022 Edition [ISSN 2250-3153]
Arif Kurniawan
Abstract:
The Government will waive Income Tax (PPh) for Individual Micro, Small, and Medium Enterprises (UMKM) with income below Rp 500 million per year. The income tax is regulated in the Law on Harmonization of Tax Regulations (HPP), which the Government ratified some time ago. Thus, the turnover of UMKM is below IDR 500 million per year, which was initially subject to a final income tax of 0.5 percent to 0 percent. UMKM is a substantial potential taxpayer.