Indonesia: 2,000 foreign companies pay no taxes
At least 2,000 foreign enterprises in Indonesia committed tax fraud in the past decade by announcing that they are suffering from losses, according to the Ministry of Finance.
Finance Minister Bambang Brodjonegoro (Photo: The Jakarta Post)
Jakarta (VNA) – At least 2,000 foreign enterprises in Indonesia committed tax fraud in the past decade by announcing that they are suffering from losses, according to the Ministry of Finance.
Each foreign company should have paid an average of 75 billion rupiahs (5.66 million USD) in tax every year, Finance Minister Bambang Brodjonegoro said, adding that the state lost 100 trillion rupiahs (7.5 billion USD) in taxes in the past decade.
Regarding individual tax payers, their tax obedience was also quite low. Only 900,000 out of 5 million tax number holders (NPWP) actually pay taxes, with a total payed of 9 trillion rupiahs (678.8 million USD).
“It is less than one percent of last year’s non-oil and gas tax revenue target of one quadrillion rupiahs (75.42 billion USD)”, the finance minister said.
The Indonesian Government said that the Directorate General of Taxation should coordinate with the Centre for Financial Transaction Report and Analysis (PPATK) to trace the transaction data of tax payers, while integrating IT infrastructure between the two institutions.
The measure is in line with President Joko Widodo’s instruction to increase the tax payment ratio.-VNA
You should also see
PM attends ceremony to start work on Him Lam resistance centre renovation project
Prime Minister Pham Minh Chinh on April 17 attended a ceremony to start work on a project to renovate Him Lam resistance centre, a part of the Dien Bien Phu complex of fortifications in the northern mountainous province of Dien Bien.
See more
World
Cambodia sees record number of tourists during traditional New Year holiday
Cambodia recorded almost 22 million domestic and international visitors travelling to different tourist destinations nationwide during the four-day traditional New Year holiday, from April 13 to 16.
World
Indonesia raises alert level to highest, warns of tsunami as volcano erupts
An airport in Madano city, the capital of Indonesia’s North Sulawesi province, has been ordered closed while hundreds of people evacuated and the alert level raised to the highest on April 18 due to large-scale volcanic eruptions of Mount Ruang.
World
ASEAN culture promoted in Mexico
Typical and diversified culture of ASEAN countries is being promoted at the ongoing ASEAN Week at the headquarters of Mexico’s Chamber of Deputies in Mexico city from April 15-19.
World
Thailand, New Zealand agree to elevate ties to strategic partnership
Thailand and New Zealand on April 17 agreed to upgrade bilateral ties to a strategic partnership by 2026, on the occasion of the 70th anniversary of bilateral diplomatic ties.
World
Japan’s 2024 Diplomatic Bluebook sketches out cooperation orientation with ASEAN
The Foreign Ministry of Japan on April 16 announced its 2024 Diplomatic Bluebook, which clarifies the country's orientations to expand relations with the Association of Southeast Asian Nations (ASEAN) in general and Vietnam in particular.
