Easier tax for borrowers

Easier tax for borrowers

JAKARTA (JP): Director General of Taxation Fuad Bawazier
suggested yesterday that Bank Indonesia, the central bank, raise
the amount of bank credits that can be obtained by borrowers
without having to produce taxpayer registration numbers from Rp
30 million to Rp 50 million.

Such a ruling is needed to support the new small business loan
plan which will extend unsecured credits of up to Rp 50 million
to small businessmen or firms, Fuad said in a letter to Bank
Indonesia Governor J. Soedradjad Djiwandono.

The central bank issued a ruling early this year which
requires those applying for bank credits of up to Rp 30 million
to submit copies of their tax registration numbers to support
their loan applications.

According to Minister of Finance Mar'ie Muhammad, the
collateral-free loan plan for small businesses will be launched
by state banks next month. (04)