Quote:
Indonesia is considering cutting its corporate tax rate to as low as 17.5 percent from 25 percent to attract more investment from companies that are operating in the region, a tax ministry official said on Monday.
Indonesia, which posted the weakest economic growth since 2009 in the first quarter, has one of the lowest tax collection rates in Southeast Asia.
The corporate tax cut being considered will bring it closer to its neighbour, Singapore, which offers 17 percent.
"If the tax rate difference is reduced, there may be more incentives for multi-national companies that are operating in regional countries to shift their investment to Indonesia directly," said a tax ministry official who declined to be named as he was not authorised to speak to the media.
The proposed tax cut, which will apply to all companies, may hurt tax collection in the short term, but "in the not so long term, we hope we can enjoy the result as we need investment to drive economic growth," the official said.
The tax office is trying to recoup an estimated 200 trillion rupiah (10 billion pounds) in lost state income due to transfer pricing, mainly in the commodities sector, Sigit Priadi Pramudito, the director-general of taxes, told Reuters in February.
Under the transfer pricing method, an Indonesian company sells its goods to a subsidiary in another country below market prices, and the subsidiary in turn sells them to the market. This effectively reduces profits in Indonesia and increases them in that foreign country.
During his presidential campaign last year, President Joko Widodo had pledged to increase tax collection to 16 percent of gross domestic product from about 12 percent partly by kracking down on tax avoidance.
"I think the earlier efforts to raise tax income for the government through stricter collection mechanisms were actually having a negative effect," John Kurtz, head of Asia Pacific for business consultancy A.T. Kearney, told Reuters.
"So by lowering the corporate tax rate, I would expect potentially additional commitment from corporations to invest in Indonesia or to rebalance their portfolio," Kurtz said. "Companies are still, even now, looking for reasons to believe in Indonesia and to invest in Indonesia."
(Reporting by Hidayat Setiaji and Eveline Danubrata; Editing by Jacqueline Wong)
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Untuk ini ane setuju banget dengan pemerintah dan segera merealisasikan kebijakan ini. Memang kebijakan memotong corporate tax rate ini ada dampak positif dan negatifnya.
Sisi positifnya hal ini akan meningkatkan margin perusahaan karena beban pajaknya akan turun 7.5%. Apalagi perusahaan2 yang telah melepas 40% saham di bursa akan mendapat tambahan 5% untuk pajaknya. Maka pajaknya bisa turun hampir 50% dari 25% ke 12.5%. Selain itu sisi positifnya adalah agar perusahaan tidak melakukan transfer pricing terutama ke Singapore. Ga enak kan beban usahanya ditulis di laporan keuangan perusahaan yg ada di Indonesia, tetapi keuntungannya dicatat di anak perusahaan yang ada di Singapore untuk mengurangi pajak yang lebih besar di Indonesia.
Sisi negatifnya penurunan tarif pajak ini adalah berkurangnya penerimaan pajak yang berakibat defisi anggaran semakin melebar. Kalau defisit anggaran melebar rupiah akan melemah. Ini salah satu sebab kenapa rupiah melemah saat ini mnrt ane.
Dalam jangka pendek kebijakan ini memang akan merugikan, tetapi dalam jangka panjang kebijakan ini akan menguntungkan pemerintah.
