Indonesian Political, Business & Finance News

Finance Minister Purbaya Conducts Surprise Inspection of Chinese Steel Company in Pulogadung to Monitor Tax Compliance

| | Source: MEDIA_INDONESIA Translated from Indonesian | Taxation
Finance Minister Purbaya Conducts Surprise Inspection of Chinese Steel Company in Pulogadung to Monitor Tax Compliance
Image: MEDIA_INDONESIA

Finance Minister Purbaya Yudhi Sadewa conducted a surprise inspection of a Chinese steel company in the Pulogadung area of Jakarta on Thursday (25/6). The inspection was carried out to follow up on initial indications of a mismatch between the scale of the company’s business activities and its reported tax obligations. Based on government data, there is a suspicion that the amount of tax paid by the company does not yet reflect the magnitude of its business activities. The government has asked the company to submit documents and supporting data for further verification. Purbaya emphasised that the ongoing process is still at the clarification stage. He stated that the government has not yet reached a conclusion regarding any violation. “We are asking the company to present relevant documents so that the entire process can be conducted openly and based on facts. This way, we can fairly assess how the business practices are being carried out,” Purbaya said in a statement on Thursday (25/6). During the meeting, the company’s management stated that all business activities have been conducted in accordance with the regulations in force in Indonesia. The company also expressed its commitment to cooperating with the government in the ongoing clarification process. Purbaya welcomed this cooperative stance. He requested that the tax authorities accelerate the process of data collection and analysis so that the results of the current contextual analysis can soon provide certainty for all parties. According to Purbaya, this certainty is important for both the government and business actors. The government wants to ensure that the tax supervision process is carried out fairly, transparently, and based on data. In addition to the company inspected today, the government will also take similar steps against a number of other companies. These steps will be based on the results of monitoring and data that have been collected. The government stated that this supervision is part of an effort to create a level playing field across various industrial sectors. With uniform compliance, the government hopes that national industry can grow healthily and sustainably. “The government wants to ensure that every company has an equal opportunity to develop. Therefore, all business actors must fulfil their obligations fairly and according to the rules. In this way, the national industry can grow healthily and sustainably,” Purbaya concluded.

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