The new Regulations on Benefit in Kind have been issued
The Indonesia Ministry of Finance issued PMK-66 Year 2023 on 27 June 2023. PMK-66 further regulates the Income Tax treatment of Benefits In-Kinds, including deductibility, taxability, and the exclusion of some kinds of BIKs as Taxable Objects.
PMK-66 is effective from 01 July 2023 and revokes the PMK-167 about the exclusion of BIKs in certain areas. PMK-66 also provides detailed examples of the calculation of Taxable BIKs in the attachment of PMK-66.
KJH Tax Flash – Benefit in Kind PMK 66 Year 2023 – July 2023
