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)
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.
Read Also
Gov’t to Continue Disbursing Rice Assistance
The Indonesian Embassy in Cairo Receives Aid for Palestine
President Jokowi Inaugurates Soedirman National Defense Central Hospital
Celebrating 65 Years of Indonesia - Cambodia Relations: Indonesian…
Putin congratulates Prabowo on winning 2024 presidential election
Today's Industry

Rabu, 22 Januari 2025 - 12:53 WIB
MICE Activities at JCC Halted, PT GSP Continues Legal Process
PT Graha Sidang Pratama (PT GSP), the investor and manager of the Jakarta Convention Center (JCC), revealed that the company is currently unable to run Meeting, Incentive, Convention and Exhibition…

Sabtu, 14 September 2024 - 16:56 WIB
Essential Tips for Choosing Personal Health Insurance in the US
Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Sabtu, 14 September 2024 - 16:53 WIB
The Top 10 Insurance Companies in the US for 2024
In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Jumat, 13 September 2024 - 15:37 WIB
Why Airbnb Become Popular in 2024?
Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Kamis, 15 Agustus 2024 - 14:26 WIB
Modena Officially Becomes a Member of the UN Global Compact
Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…
News Comment