首页 ht school正文

Focusing tax audits on high-net-worth individuals

admin ht school 2020-07-08 209 0 taxFocusinghigh

Taxes will play a more critical role in funding the post-pandemic recovery, as the government has to significantly increase expenditure to cope with the damage caused by the public health and economic crises. The biggest challenge, though, is that tax receipts have tended to decline due to the economic downturn. As of May, only 35.33 percent of the targeted tax revenue for fiscal year 2020 has been collected. Non-oil and gas income tax and VAT receipts fell by 10.38 percent and 7.95 percent year-on-year. For sustainable and just economic development, Indonesia urgently needs a robust taxation system. The tax revenue structure also shows a limited role of progressive taxation. Personal income tax (PIT), which has a progressive rate, only comprises less than 10 percent of total tax revenue (average 2005 to 2017), much lower than the Organization for Economic Cooperation and Developme... Focusing tax audits on high-net-worth individuals Focusing tax audits on high-net-worth individuals ht school



LOG IN

Don't have an account? Register here Forgot Password ?

Log in with your social account

  • Facebook
  • Google
  • Linkedin

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

评论