Head of the Investment Coordinating Board (BKPM) Thomas Lembong along with the staff of echelon I and echelon II of BKPM submitted themselves their Annual Tax Report (SPT) of 2016 to the Directorate General of Taxes, Ministry of Finance. This step is done in the hope to pass on compliance to the Foreign Investment Companies (PMA) and Domestic Investment Companies (PMDN) to pay taxes to the government according to the law.
Head of the Investment Coordinating Board Thomas Lembong said that the SPT submission was expected to be an example for companies who invest in Indonesia.
“BKPM as the competent institution in coordinating investment in Indonesia feels a moral obligation to encourage the enterprises to perform their obligations related to taxes in accordance with the existing regulations,” he said on Thursday (3/30).
According to Thomas, the compliance to the tax laws is one absolute thing expected from any investment company in Indonesia. “It is a fundamental obligation, both domestic and foreign investors must comply with existing laws regarding taxes,” he said.
“At this time when the government is in full swing doing the development of various sectors for people which need the support of sufficient budget, the tax as one component of the budget revenue is very important. Therefore, the participation of the investment companies in supporting it is very crucial,” he added.
“The tax amnesty program is very beneficial, so those who do not participate in it are not smart because the scheme offered is very generous with the penalty rate very low,” he said.
Thomas added that the tax amnesty is a program in which after the assets being reported, they can be sold, transferred or reinvested. “If we are outspoken, we give an amnesty so that the taxpayers can use the assets freely.”
Meanwhile, Director of Counseling, Services and Public Relations Hestu Yoga said that the repatriation funds which have been reaching Rp164 trillion now would be channeled through various schemes including investment.