Govet seeks new tax objects from tax amnesty

Jakarta. Directorate General of Taxation will refer to the tax amnesty result in developing new tax basis. However, according to Director General of Tax Obedience and Revenue Yon Arsal, the declare assets will not automatically become new tax objects.

“We will conduct a review (on this matter) during this week”, Yon said on Wednesday (5/10). The analysis will ensure that the declare assets will generate new economic activities, which subsequently will create new potential tax objects.

For an example, after assets declaration, a taxpayer deposit the cash in bank so that the taxpayer will generate another income from the interest of the deposit. Subsequently, this new income will become new tax object.

Aside of the bank deposit, investment and securities have potential to create new tax objects. The two types of assets contributed IDR1,016.04 trillion to the total number asset declaration during the first period of tax amnesty. Meanwhile, cash and cash equivalents assets contributed IDR1,376.48 trillion to to the total number asset declaration during the first period of tax amnesty.

Executive Director of Center for Indonesian Taxation Analysis Yustinus Prastowo said that the tax authority has not yet optimally generated new tax objects from those five types of assets, mainly overseas declared of cash, cash equivalents, investment, and securities assets.

Yustinues also suggested tax authority to supervise the ownership status of movable and immovable properties, as well as valuables, because those types of assets will become new tax objects after transfer of ownership.

(MUHAMMAD FARID/Translator)