JAKARTA. The Ministry of Finance (Kemkeu) will change the scheme of tax exemption or tax holiday. The change will be made as a step of win-win solution, so that tax revenues are not eroded further. Head of the Fiscal Policy Office (BKF) at Ministry of Finance Suahasil Nazara said that the tax holiday became a dilemma for the Ministry of Finance, as the facility may reduce the state revenues, mainly from corporate income tax. Suahasil admitted that Ministry of Finance was stingy in facilitating the tax incentive, therefore the companies were less attracted to apply for the tax holiday. During 2011-2016, there were only about nine companies have applied for the tax incentive.
Govt half-hearted in tax holiday incentive
JAKARTA. The Ministry of Finance (Kemkeu) will change the scheme of tax exemption or tax holiday. The change will be made as a step of win-win solution, so that tax revenues are not eroded further. Head of the Fiscal Policy Office (BKF) at Ministry of Finance Suahasil Nazara said that the tax holiday became a dilemma for the Ministry of Finance, as the facility may reduce the state revenues, mainly from corporate income tax. Suahasil admitted that Ministry of Finance was stingy in facilitating the tax incentive, therefore the companies were less attracted to apply for the tax holiday. During 2011-2016, there were only about nine companies have applied for the tax incentive.