Presence Of New Normal, Entrepreneurs Ask For Tax Relaxation To Continue

Jakarta – Business activities have begun to be active again. However, business actors are requested to remain in compliance with the new normal scenario to prevent transmission of COVID-19.

Although permitted to carry out activities as usual, businesses hope that the government will not rush to revoke the relaxation of taxes given lately. Because, according to Deputy Chairperson of the Permanent Committee on Taxation of the Indonesian Chamber of Commerce and Industry (Kadin) Herman Juwono, not all business sectors were able to recover immediately since the implementation of the new normal scenario.

“The government, in this case the tax authority, must commit to its tax instruments for both employers and workers,” Herman told AFP on Tuesday (5/26/2020).

According to Herman, the tax relaxation that has been prepared by the government needs to be reviewed for its benefits to entrepreneurs even if it needs to be added.

“Taxation instruments related to funding must be reviewed if necessary shifting of the budget must be added if it is deemed lacking,” he continued.

As for some tax incentives that have been imposed by the government so far consisting of PPH 21 for workers in the manufacturing sector, import PPH for 19 certain sectors, reduction of PPH 25 by 30%, VAT refunds for 19 certain sectors, postponement of principal and interest payments for all KUR affected COVID-19, and reduction in Corporate Income Tax rates to 22%.

In addition to tax relaxation, entrepreneurs also expect to be given economic stimulus from the other side. According to Deputy Chairman of the Indonesian Employers’ Association (Apindo) Shinta Widjaja Kamdani, one of the most needed by businesses today is electricity discounts.

“Indeed, for our relaxation, appreciation for fiscal incentives has come out, but what we currently need, especially in terms of energy cost, PLN, so we ask that the industry not be charged a minimum charge, we have conveyed it to the government,” said Shinta.

In addition, he also hopes that there will be government firmness related to credit restructuring and so on.

“Then from the credit restructuring side, we hope that there may be a lot of realization that has not yet begun, so it may be more facilitated and assisted by the government, even though POJK No. 11 of 2020 is available, so I think this credit restructuring needs to help in terms of cash flow. work to be able to activate its business, especially for SMEs, “he said.

 

Source : Finance.Detik

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