- The Indonesian government recently committed to relax several taxation provisions under the Draft Bill on Taxation Provisions and Facilities (“Draft Bill”) to further increase tax compliances by Indonesian taxpayers and the focus of such regulatory relaxation will be emphasized on taxation administrative sanctions.
- The loosen provisions will be predicted as follows: 1) Imposition of interest fines on tax underpayment due to correction of Annual Tax Return (SPT Tahunan) and Periodic Tax Return (SPT Masa) will be changed from the initial 2% monthly rate as calculated from the outstanding amount to the +5% rate from reference rate which is divided into 12 months; 2) Imposition of interest fines on tax underpayment due to stipulation of Notice of Tax Assessment (SKP) will be changed from the initial 2% monthly rate as calculated from the outstanding amount to +10% rate from reference rate which is divided into 12 months; 3) Fines for taxable businesses who fail to draw up tax invoice will be modified from the initial 2% to 1% of tax basis; and 4) Fines for businesses who fail to report be duly classified as taxable businesses will be imposed with fines in sum of 1% of tax basis. (setkab.go.id)
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