Research and Development (R&D) is the process by which companies work to acquire new knowledge that may be used to create new technologies, products, services, or systems to be used or sold.
Research and Development has an important process before launching a product or service in a business. One of the processes is to produce a product or service that has a high validity value because a series of previous trials have been carried out.
Based on the Ministry of Finance Regulation (PMK) Number 153/PMK.010/2020 dated October 9, 2020, concerning Provision of Gross Income Reduction for Certain Research and Development Activities in Indonesia.
Taxpayers who carry out certain research and development activities in Indonesia may be given a gross income reduction of a maximum of 300% (three hundred percent) of the total costs incurred for certain Research and Development activities in Indonesia which are charged within a certain period of time.