Gov’t to Optimize Fair State Revenue through Harmonized Taxation Law, Minister Says

By : Nata Kesuma | Friday, October 08 2021 - 22:05 IWST

Minister of Finance Sri Mulyani Indrawati (Photo by: PR of Cabinet Secretariat)
Minister of Finance Sri Mulyani Indrawati (Photo by: PR of Cabinet Secretariat)

INDUSTRY.co.id - Law on Harmonized Taxation (UU HPP) is one of the milestones of Indonesia’s tax reforms, which is part of structural reforms to realize an Advanced Indonesia through a just, proper, and accountable taxation system.

Tax reform is also part of sustainable processes to boost economic recovery and national development through restructuring of taxation system so that the national economy can be more robust amid the pandemic and in face of future challenges.

The Harmonized Taxation Law must include the principles of justice, efficiency, legal certainty, usefulness, and national interests, according to Minister of Finance Sri Mulyani Indrawati on Thursday (07/10).

Sri Mulyani went on to say that the Harmonized Taxation Law aims to improve economic growth and support the acceleration of economic recovery, adding that, it also aims to optimize state revenue, realize fair taxation system, provide legal certainty, carry out administration reforms, and realize harmonized, consolidative taxation policy so that it can broaden the national tax base amid the age of globalization and digital technology.

Furthermore, through the Harmonized Taxation Law, the Government will continue to improve voluntary obedience of taxpayers.

On that occasion, Sri Mulyani also unveiled six points of policy improvement regulated in this new law, among others, income tax that will be implemented in 2022, value-added tax (VAT) that will be put in place on 1 April 2022, Voluntary Disclosure Program (VDP) that will only impose next year’s 1 January until 30 June, carbon tax that will be implemented on 1 April 2022, several adjustments to Law on General Provisions and Taxation Procedures and Law on Excise that will be effective from the enactment of this law.
 

News Comment

Today's Industry

BCSMF 2023: Progressive Dialogue to Strengthen Democracy in the Asia-Pacific

Kamis, 30 November 2023 - 21:54 WIB

BCSMF 2023: Progressive Dialogue to Strengthen Democracy in the Asia-Pacific

The sixth meeting of the Bali Civil Society and Media Forum (BCSMF) 2023 was held in Bali, Indonesia (28-29/11). The forum, involving representatives from governments, civil society organizations,…

Indonesian Embassy in Lima Hosts Diplomatic Reception Marking 48 Years of Indonesia-Peru Diplomatic Relations

Kamis, 30 November 2023 - 21:47 WIB

Indonesian Embassy in Lima Hosts Diplomatic Reception Marking 48 Years of Indonesia-Peru Diplomatic Relations

In an effort to enhance Indonesia's diplomatic relations with Peru, the Indonesian Embassy in Lima held a diplomatic reception. This event also celebrated the 78th anniversary of Indonesia's…

President Jokowi

Kamis, 30 November 2023 - 21:30 WIB

President Jokowi: Budget Allocation Must be Well-Targeted

President Joko “Jokowi” Widodo handed over the Budget Implementation List (DIPA) and Transfer to Regions Allocation List for 2024 Fiscal Year, at the State Palace, Jakarta, Wednesday (11/29).

Wella Company Demonstrates Three Consecutive Years of Growth Momentum as It Marks Anniversary

Kamis, 30 November 2023 - 21:21 WIB

Wella Company Demonstrates Three Consecutive Years of Growth Momentum as It Marks Anniversary

Wella Company, an innovative global leader in the $100 billion hair and nail segment of the beauty industry, today marked its third year as an independent company, demonstrating broad-based…

CTBC Supports Taiwanese Employees to Go Overseas

Kamis, 30 November 2023 - 21:19 WIB

CTBC Supports Taiwanese Employees to Go Overseas

CTBC Bank Co., Ltd., staged an exhibition titled “Home Away From Home-Taking an adventure with the Leap to Embrace Cultural Differences!” at the Songshan Cultural and Creative Park on Nov.…