Indonesian Political, Business & Finance News

Pertamina Strengthens Governance Through Data Integration with Tax Directorate

| Source: ANTARA_ID Translated from Indonesian | Economy
Pertamina Strengthens Governance Through Data Integration with Tax Directorate
Image: ANTARA_ID

Jakarta (ANTARA) - The Finance Director of PT Pertamina (Persero), Mega Satria, has committed to strengthening the company’s governance through the integration of transaction data with the Directorate General of Taxes (DJP) at the Ministry of Finance.

“Pertamina is committed to strengthening the governance of the Pertamina Group, and one way we continue to demonstrate this is through transparency and close cooperation with the Directorate General of Taxes,” said Satria at the Kick Off of the Pilot Programme for Co-Operative Compliance with the Implementation of the Tax Control Framework and Tax Data Integration, held at the Directorate General of Taxes office in Jakarta on Monday.

Satria said Pertamina has contributed to the state through taxes, non-tax state revenues (PNBP), and dividends paid to the government.

“Hopefully this can extend to other state-owned enterprises as evidence of improving governance within SOEs,” said Satria.

The Director General of Taxes, Bimo Wijayanto, said the integration of transaction data with state-owned enterprises represents an evolution of a modern, trust-based taxation system.

According to Bimo, the implementation of transaction data integration with Pertamina is expected to serve as a stepping stone for other state-owned enterprises as well as private companies.

Bimo emphasised that the core purpose of integrating transaction data between companies and the Directorate General of Taxes is not to increase revenue, but rather to prevent unexpected ‘surprise’ taxes that previously went unnoticed due to investments, business development, or other transactions that escaped reporting to the DJP.

“The essence is that there will no longer be any sudden surprises if there are transactions arising from investments or business development that were unknown to the Directorate General of Taxes and possibly went unreported,” said Bimo.

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