Sri Mulyani talks about an alternative minimum tax plan



TEMPO.CO, JakartaFinance Minister Sri Mulyani Indrawati said the government would set the criteria for taxpayers to be subject to an Alternative Minimum Tax (AMT). This provision will be included in the revised Law on General Tax Provisions and Procedures (KUP).

“In order to achieve the desired goal and not to be excessive. So that does not mean that we are practicing extortion, ”Sri said in a meeting with the House of Representatives (DPR) Finance Committee on Monday, September 13.

Sri said the AMT would be applied to corporate taxpayers on a limited basis with certain criteria. For example, those who have an affiliate relationship have certain turnover limits and have been operating commercially for some time.

AMT, she stressed, aims to prevent tax evasion aggressively committed by companies. For example, businesses that report ongoing losses or taxes on very small amounts.

In 2019, the number of corporate taxpayers that reported losses increased to 11%, from 8% in 2012. The number of corporate taxpayers that reported losses for five consecutive years also increased from 5,199 in 2012-2016 to 9496 in 2015-2019.

“[While in fact,] taxpayers who have reported losses for five consecutive years continue to operate and develop their businesses in Indonesia, ”said Sri Mulyani.

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