Jakarta, CNN Indonesia –
The government will again hold a tax amnesty program. With this plan, it is mandatory tax May disclose undisclosed or undisclosed net assets in a statement letter to country.
This policy is contained in the Bill (RUU) on Coordination of Tax Regulations which was agreed upon in the House of Representatives and Peoples to be presented to the plenary session for approval.
This tax amnesty program is mentioned in Article 5. This can be done as long as the Directorate General of Taxation (DGT) has not found data and information related to the assets.
Citing publicly traded documents, Friday (1/10), the assets that can be disclosed are the price value minus the debt value. This is as referred to in Law (UU) No. 11 of 2016 regarding tax amnesty.
The assets in question are the assets acquired by the taxpayer from January 1, 1985 to December 31, 2015. Meanwhile, net assets are considered as additional income and are subject to final income tax (PPh).
The final income tax will be calculated by multiplying the rate by the tax base. As an illustration, 6 percent of the country’s net assets are located and invested in business activities in the natural resource processing (SDA) or new renewable energy (EBT) sector, as well as government securities (SBN).
Then, 8 percent of the country’s net assets that are not invested are in the SDA, EBT and SBN sectors. Moreover, 6 percent of the net assets are located outside Indonesia on the condition that they are transferred to the territory of Indonesia and invested in the SDA, EBT and SBN sectors.
Meanwhile, 8 percent of net assets located outside Indonesia provided they were transferred to Indonesia, but not invested in the SDA, EBT and SBN sectors. Then, 11 percent of net assets are outside Indonesia and have not been transferred to Indonesia.
As for the value of the assets that will be used as guidelines for calculating the amount of net assets, it will be determined in terms of nominal value, things determined by the government, the value published by PT Aneka Tambang Tbk (ANTAM) for gold and silver, the value published by the Indonesia Stock Exchange (IDX).) and collateral, as well as the posted value of the Indonesian Securities Quote Appraiser for SBN.
The regulation states that “according to the status and condition of the assets at the end of the last tax year.”
Furthermore, taxpayers who wish to disclose net assets can use a notification letter to disclose assets. The letter was submitted to the DGT from January 1, 2022 to June 30, 2022.
Taxpayers must also attach various documents, such as proof of final income tax payment, property details list and reported property ownership information, debt list, statement of transfer of net assets to Indonesia, statement that they will invest net assets in the natural and renewable resource sectors and SBN.
After that, the Directorate General of Fees will issue a statement regarding the submission of the notification letter. If a discrepancy is found between the disclosed net assets and the actual situation, the DGT may review or cancel the certificate.
Taxpayers who have obtained a DGT certification will not be subject to administrative penalties. However, further provisions regarding net asset disclosure procedures will be regulated in the Minister of Finance (PMK) regulation.
In Article 7, taxpayers who transfer net assets to Indonesia must be capped at September 30, 2022. Subsequently, taxpayers declaring that they will invest their net assets in the SDA, EBT and SBN sectors must be done no later than September 30, 2023. .
The regulation states that “net assets must be invested for a period of no less than five years from the time they are invested.”
Meanwhile, taxpayers can also disclose net assets through the Asset Disclosure Notice submitted to the DGT from January 1, 2022 to June 30, 2022.
Taxpayers who submit a Notice Letter must have a Taxpayer Identification Number (NPWP), pay final income tax, and file an annual Income Tax Notice for the 2020 tax year.
In addition, individual taxpayers must also cancel many requests, such as refunds of tax overpayments, reduction or elimination of administrative penalties, cancellation of incorrect tax estimate letters, cancellation of incorrect tax invoices, objections, corrections, appeals, lawsuits, and audits. Judicial.
Subsequently, the DGT will provide a certificate for the submission of an Asset Disclosure Letter by the individual taxpayer.
Individual taxpayers who receive this letter will not release tax assessments on tax liabilities for fiscal years 2016, 2017, 2018, 2019 and 2020.
The editors have attempted to confirm the authenticity of this document to the staff of the Minister of Finance for Strategic Communications Justinus Pratoo. However, it was not stated specifically whether the document is really the official content of the draft law on harmonizing tax regulations or not.
“The documents are still within the competence of the People’s Assembly until the plenary session,” Justinus said.
Meanwhile, the Vice Chairman of the House Eleventh Committee and Chairman of the Working Committee on the KAUST Bill, Dolphy OFP, said that this document was officially the end result of the discussion. He hopes that the bill will soon be included in the plenary session next week.
Dolphy concluded that “the hope is (to go to the plenum) next week. This will be decided by the faction leadership at the meeting of the deliberative body (Pamos).”