Indonesia: Fixed asset revaluation, tax incentive | KPMG | GLOBAL

Indonesia: Fixed asset revaluation, tax incentive

Indonesia: Fixed asset revaluation, tax incentive

A regulation issued by Indonesia’s Ministry of Finance provides a tax incentive—the “fixed asset revaluation” tax incentive—that is available until 31 December 2016.


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The regulation (No. PMK-191/2015) was issued 15 October 2015, and allows individuals and companies residing in Indonesia, including certain permanent establishments, to apply for the new fixed asset revaluation tax incentive. The increase in fixed assets resulting from the revaluation (i.e., the difference between the new asset value and the tax book value before revaluation) is subject to reduced rates of “final income tax” ranging from:

  • 3% for applications filed before 31 December 2015
  • 4% for applications filed between 1 January 2016 and 30 June 2016
  • 6% for applications filed between 1 July 2016 and 31 December 2016


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