Minority of MSMEs Utilize Tax Incentives
Only around 200,000 micro, small and medium enterprises (MSMEs) or 8.7 percent of 2.3 million enterprises with taxpayer identity numbers (NPWP) have applied for tax incentives.
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Cooperatives and Small/Medium Enterprises (SMEs) Minister Teten Masduki (center) holds locally produced shoes bearing the brand Fortuna Shoes. He visited the exhibition to inaugurate Smesco Building as a consulting service center for cooperatives and MSMEs on Thursday (2/7/2020), in Jakarta.
Only around 200,000 micro, small and medium enterprises (MSMEs) or 8.7 percent of 2.3 million enterprises with taxpayer identity numbers (NPWP) have applied for tax incentives. The popularization of this exemption should be intensified to ensure MSMEs’ business survival.
JAKARTA, KOMPAS — Tax incentives in the form of 0.5 percent final income tax exemption until September 2020 have not yet been optimally utilized by businesspersons. Its popularization among business players should be stepped up.