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Indonesia Aiming To Simplify Tax Regime

by Mary Swire, Tax-News.com, Hong Kong

24 October 2016


The Government of Indonesia is aiming to simplify the country's tax laws with a view to boosting tax compliance, Finance Minister Mulyani Indrawati has said.

Indrawati made comments at a seminar held at the Faculty of Economics and Business, Gadjah Mada University, in Yogyakarta on October 20, 2016.

The Minister noted that further effort is needed from the Government to clarify how tax regulations operate, noting that the complexity of the tax system is leading to low compliance rates.

The Minister said: "There are many studies of the International Monetary Fund and the World Bank stating why the tax ratio in Indonesia is low. The main reason is that our tax laws are very complicated. When the tax rules are complicated, the targets will be more difficult to meet."

TAGS: compliance | Finance | tax | business | tax compliance | law | enforcement | ministry of finance | tax authority | legislation | tax planning | Indonesia | tax reform | regulation | legislation amendments | trade | Tax

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