CITAX H1

2015 tax shortfall to reach US$18 billion: Analysist

THEJAKARTAPOST.COM | 10 DESEMBER 2015

95701_620 (1)Indonesia’s tax shortfall in 2015 will be Rp 250 trillion (US$18 billion) or 80 percent of the target, predicted a tax expert, who warned that it would be a burden for the new director general of taxation.

The executive director of the Center for Indonesia Taxation Analysis, Yustinus Prastowo, predicted that the 2016 tax revenue would be affected, especially if the same mistake of failing to focus on the tax expansion program was made.

“Optimizing tax revenue at the end of the year is going to be the heaviest duty. They must consolidate the team and maintain the network with stakeholders. It is also important to increase the effectiveness of tax monitoring,” he said as quoted by tempo.co in Jakarta.

Yustinus further said that the government’s tax amnesty would not be effective in 2015, since the bill on it had yet to be deliberated by the House of Representatives.

“Deliberation of the bill will not be finished this year. I predict that the law can only be implemented in the second half of 2016 at the earliest, after the law is endorsed,” he said. (ags)

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