vocational investment

Vocational is a facility to facilitate investment that Indonesia provides regarding the provision of reduced income for the implementation of work practices, apprenticeships or the development of specific competency-based human resources.

Taxpayers can be granted by the Indonesian government gross income reductions of a maximum of 200% of the total costs incurred for work practices, apprenticeships, and learning activities.

Taxpayers can be given a reduction in the gross income of 100% of the total costs incurred for work practices, apprenticeships, and learning activities. The provision of this gross income reduction has provisions, namely having carried out work practices, apprenticeships, or learning activities in the context of fostering and developing human resources based on specific competencies, having a cooperation agreement, not in a state of fiscal loss in the tax year, utilizing additional gross income reduction, and has submitted a tax certificate.

 

Source: oss.go.id


Related Post

Nickel Industry Development Supports the Future of Electric Vehicles in Indonesia

Nickel Industry Development Supports the Future of Electric Vehicles in Indonesia

Indonesia's Economic Stability as the Key Driver for the Development of the EV Industry

Indonesia's Economic Stability as the Key Driver for the Development of the EV Industry

Menko Luhut: The Importance of Data Centers in Indonesia's Digital Transformation

Menko Luhut: The Importance of Data Centers in Indonesia's Digital Transformation