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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.

Kompas Editor
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Kompas/Raditya Helabumi

Taxpayers reporting their annual tax return form (SPT) of individual income tax (Pph) at the tax office in Kembangan, West Jakarta, Wednesday (29/3). The Finance Ministry’s tax directorate general has extended the deadline for SPT reporting to April 21, 2017.

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.