Gross-Income Deductions for Certain Research-and-Development Activities Further Regulated

In line with the mandate stipulated under Regulation of the Government No. 45 of 2019 on the Amendment to Regulation of the Government No. 94 of 2010 on Calculations of Taxable Income and Settlements of Current Year Income Tax (“ Regulation 45/2019 ”), the Minister of Finance (“ Minister ”) has issued Regulation No. 153/PMK.010/2020 of 2020 , which sets out further provisions on the granting of gross-income deductions for certain research-and-development (“ R&D ”) activities undertaken in Indonesia (“ Regulation 153/2020 ”). [1] These new provisions specifically address the following matters: