Quick tax refunds promised<\/p>\n
JAKARTA (JP): The government promised yesterday to pay a
\ncompensation of two percent interest per month if it failed to
\nrefund over-payments of tax within 30 days -- calculated after the
\ntax office receives a refund request.<\/p>\n
An expert advisor to the Minister of Finance on state budget
\naffairs, Mansury, said in a one-day seminar on tax that the
\npromise was in line with the amendments of tax laws effected
\nearly this month.<\/p>\n
He said that in return, a taxpayer is required to pay a
\npenalty of two percent interest per month if the amount of their
\npayment is less than it should be.<\/p>\n
The deadline for a taxpayer to settle the tax difference is
\nset at seven days after they receive the demand from the tax
\noffice, he said.<\/p>\n
He said the government is committed to limiting the period of
\nits tax payment examinations to within a maximum of 24 months
\nafter the taxable year, far shorter than five years in the past.<\/p>\n
Mansury said the government will take strict measures against
\ngovernment officials involved in irregularities, with sanctions
\nincluding six months imprisonment and a fine of Rp 1 million
\n(US$454).<\/p>\n
The government has so far issued 47 new regulations, to
\nsupport the implementation of the new tax laws, to amend the old
\nones of 1984. The new tax ruling went into effect on Jan. 1 this
\nyear. (fhp)<\/p>",
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"sponsor": "Okusi Associates",
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