Bank interest in tax returns

Bank interest in tax returns

JAKARTA (JP): Tax Director General Fuad Bawazier said Saturday that incomes which have been taxed under a final tax procedure, such as bank deposits and savings, should not be reported in annual tax returns.

He said that taxpayers are also not required to report untaxable incomes in tax returns.

The announcement was made to clarify the confusion about whether or not taxpayers should complete the sections relating to bank deposits and savings in the tax return forms, he said. (hen)