Free PPh for Exporters Parking DHE SDA of Six Months or More

In 2000, the government issued Regulation of the Government on Income Tax (Pajak Penghasilan– “ PPh ”) on Time Deposits, Savings Interest and Discounts (Diskonto) for Bank Indonesia (“ BI ”) Certificates, as amended by Regulation of the Government (collectively referred to as “ Regulation 131/2000 ”). Among the various provisions set out under Regulation 131/2000, this framework addressed the applicable rates of PPh that could be imposed upon interest on deposits, savings and discounts for BI certificates. [1]