The Government Accelerates the Reduction of Income Tax Rates

The Government accelerates the reduction of income tax rates (PPh) for taxpayers (WP) in the form of a public company. The policy is listed in PP No 30 of 2020 which is a derivative of UU No. 2 of 2020 and has been applicable since June 19. “This PP is a general stipulation that tariffs are 3% lower than normal rates for WP issuers who meet the requirements,” said Director of Counseling, Services and Public Relations of the Directorate General of Tax, Hestu Yoga Saksama, Friday (26/6). (Kontan)

The U.S. Federal Reserve added $428 million in bonds of individual companies through mid-June, making investments in familiar household names like Walmart and AT&T as well as a utility subsidiary of billionaire Warren Buffett’s Berkshire Hathaway holding company. The bond purchases are the first direct moves by the Fed to buy the bonds of individual companies under new programs set up to nurse the economy through the coronavirus pandemic. The Fed also added $5.3 billion corporate bond exchange-traded funds. (Reuters)

Source: Danareksa Sekuritas Debt Research

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