The Ministry of Finance (MoF) expands tax incentive recipients to 18 sectors

The Ministry of Finance (MoF) expands tax incentive recipients to 18 sectors. Expansion of recipients of this incentive in order to respond to the impact of the coronavirus or COVID-19 on an increasingly widespread economy. Sri Mulyani Indrawati said the 18 sectors will get tax incentives in the form of Income Tax (PPh) Article 21 borne by the Government, Income Tax Article 22 is released for six months, 30% PPh discount is as much as 30%, and Additional Tax refunds Accelerated Value (VAT). (Kontan)

The Federal Reserve is widely expected on Wednesday to lift the interest rates that influence its fed funds target, a technical move that could keep interbank lending running smoothly and help prevent financial market disruption should the benchmark rate fall below zero. The effective fed funds rate dropped as low as 0.04% twice in the past week. That matched the level set in December 2011, two years after the economy emerged from the last recession, heightening concerns among some investors that it could go negative for the first time in the wake of the Fed’s aggressive moves to limit market damage from the coronavirus outbreak.

Source: Danareksa Sekuritas Debt Research


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