With the implementation of the Global Minimum Tax, tax incentives as a 'sweetener' for investment are no longer effective.
JAKARTA, KOMPAS – To increase revenue and finance growing spending needs, the government plans to be more aggressive in pursuing tax payments from multinational companies operating in Indonesia. This effort is made possible through the implementation of. However, the implications for the investment climate need to be watched out for.
Digitalization allows multinational companies to operate across borders without the need to have a physical office in the target market country. Because they do not have a fixed place in the market country, the local tax authorities in that country have not been able to tax them. "The question is, does Indonesia benefit from the implementation of GMT, and how much? Theoretically, it should. But in practice, I am not yet sure. The reason is that our taxation information technology system is still very weak, particularly in terms of integration and interoperability. As a result, the output data is also weak, making the enforcement of GMT difficult to maximize. The next reason is human factors and anti-corruption culture.
"Indeed, the hope is that the Ministry of Finance can promptly prepare the Minister of Finance Regulation referred to as the basis for the implementation of Pillar Two in Indonesia," said Raden.Another preparation is anticipating the side effects of implementing the Global Minimum Tax on the investment climate. As is known, so far Indonesia has implemented various tax incentives such as tax holidays and tax allowances to attract more foreign investors.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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