TAX INCENTIVE ARRANGEMENT FOR JOINT VENTURE COMPANIES POST-CIPTAKER IN THE CASE OF PT KCIC

A Joint Venture Contract is a commercial activity carried out by two or more parties through an institution formed to carry out a common goal. One form of the Joint Venture in Indonesia is the Jakarta and Bandung High Speed Rail Project which involves a joint venture between a consortium of SOEs through PT Pilar Sinergi BUMN Indonesia (PSBI) and China Railway International Co. Ltd. Consortium. The purpose of this paper is to find out the arrangements related to post-Ciptaker Joint Venture tax incentives in the case of PT. KCIC. This research was conducted using a normative juridical approach based on a collection of relevant documents and literature studies that had been processed and put together. The results of this study indicate that PT KCIC cannot be subject to Income Tax because it is based on the provisions of Presidential Regulation Number 3 of 2016 concerning Acceleration of Implementation of National Strategic Projects and Article 111 of Law Number 11 of 2020 concerning Job Creation which adds Article 2 paragraph (3) letter b in The Income Tax Law is a form of eliminating income tax on dividends from within the country.