Alternative Methods for the Calculation of Gross Revenues

The Ministry of Finance (“ Ministry ”) has issued Regulation No. 15/PMK.03/2018 on Alternative Methods for the Calculation of Gross Revenues (“ Regulation 15/2018 ”), which is aiming to establish alternative methods for the calculation of the factual gross revenues of any taxpayers who are required to carry out bookkeeping or to keep financial records, such as corporate taxpayers, individual entrepreneurs and freelancers (collectively referred to as “ Taxpayers ”).In essence, any Taxpayer gross revenues which cannot be accurately calculated due to their meeting any of the conditions set out below will be calculated through the use of alternative methods: [1]