Tax Reform with Justice
Finance Minister Sri Mulyani Indrawati said the series of amendments in the law were aimed at creating a tax system with greater justice and effectiveness in order to increase the tax ratio.
The Law on Harmonization of Tax Regulations was endorsed on Thursday (7/10/2021) with several new rules that are quite important.
This law covers nine chapters and 19 articles. The five subject matters contained are the Personal Income Tax (PPh) and Corporate PPh, the Value Added Tax (PPN) regulation, general tax provisions and procedures, the voluntary disclosure program and carbon tax application.