MAKASSAR, Reuters-TIMUR.COM - Minister of State for Environment Gusti Muhammad Hatta in Makassar, said it would propose to the Ministry of Finance to release the tax for companies with environmentally friendly or green and gold in the category.
"Friday (11/26/2010) will be announced which companies are categorized as black, red, green and gold. I will ask banks not to lend capital to the company that belongs to the category of red and black, and ask that the category of green and gold reduced interest or proposed to the finance ministry for tax-free, "he said.
This he expressed in the Declaration of Caucus and Strengthening the role of Parliament in the protection and management of the environment.
In addition, he admitted thinking about forms of moral sanctions for the head area that does not properly care for the environment in the region to support the administrative penalties, civil and criminal there. Possible forms of moral sanctions include a fatwa of the Indonesian Ulema Council.
He explained that the Indonesian Environmental Quality Index currently stands at 59.79. "Even if 60 even I am not satisfied," he said. While the position of South Sulawesi, was ranked the 15 provinces with the best environment of the 33 provinces with half of his district and the city is winning clean city.
Related to the formation of South Sulawesi DPRD environmental caucus, he said, Parliament has an important role melegislasi and arrange for all of the priority to the environment, overseeing development and budget.
"If the natural resources depleted environment will continue to get worse and cost recovery will be more expensive than the value of investments," he said.
Source : tribune-timur.com, 25 November 2010
Friday, November 26, 2010
Saturday, November 20, 2010
DG Tax publish rule amandemen transfer pricing
Jakarta - The Directorate General of Taxation will continue to minimize the occurrence of the practice of transfer pricing. One of them with the authority to correct the transfer pricing tax payers in the country with respect to transactions with related parties resident Taxpayer partner countries of Double Taxation Avoidance Agreement (P3B). Correction on transfer pricing is done through coressponding adjustment mechanism.
Director of Counseling, Services, and Public Relations Directorate General of Taxation Iqbal Alamsjah mention transfer pricing correction is stipulated in Article 19 of Regulation numbered DGT Per-48/PJ/2010 of Procedure for Approval of Joint Implementation Procedures (Mutual Agreement Procedure) based on the P3B.
Iqbal said the existence of this rule all the provisions of double taxation avoidance agreement can be implemented thoroughly. "Regulation of the DGT has been effective from 3 November 2010," Iqbal said in a press release written.
Application of this paraturan, said Iqbal would increase tax revenues because of the possibility of correction of tax on transfer pricing practices that happen ..
This regulation also sets out procedures for filing and implementing procedures for the Joint Agreement of the Interior Taxpayers Indonesia or Indonesian citizen who became taxpayers Domestic Partner P3B and procedure for handling requests from the Partner Country P3B MAP.
Director of Counseling, Services, and Public Relations Directorate General of Taxation Iqbal Alamsjah mention transfer pricing correction is stipulated in Article 19 of Regulation numbered DGT Per-48/PJ/2010 of Procedure for Approval of Joint Implementation Procedures (Mutual Agreement Procedure) based on the P3B.
Iqbal said the existence of this rule all the provisions of double taxation avoidance agreement can be implemented thoroughly. "Regulation of the DGT has been effective from 3 November 2010," Iqbal said in a press release written.
Application of this paraturan, said Iqbal would increase tax revenues because of the possibility of correction of tax on transfer pricing practices that happen ..
This regulation also sets out procedures for filing and implementing procedures for the Joint Agreement of the Interior Taxpayers Indonesia or Indonesian citizen who became taxpayers Domestic Partner P3B and procedure for handling requests from the Partner Country P3B MAP.
Wednesday, November 17, 2010
Eradication of Transfer Pricing constrained Transaction Data
JAKARTA. Government's plan to correct the trade agreement between the companies that smells transfer pricing is a positive thing. In addition to preventing the practice of transfer pricing, it also could boost state revenues from taxes.
In accordance with the Director-General (Perdirjen) Tax Number Per-48/PJ/2010 the effective 3 November, the Directorate General of Taxation is authorized to correct the trade agreement which indicated transfer pricing between the taxpayer of the Interior (WPDN) with their counterparts abroad. Correction was done when there are indications unrighteousness information or document that agreement.
However, observers warned Gunadi Taxation, University of Indonesia, Directorate General of Tax plan would be difficult. Some obstacles, among others, the Directorate General of Taxation will have difficulty when determining the ratio of price and profit data as agreed between WPDN and their partners abroad. Therefore, the Directorate General of Taxes shall also perform cross-checks to WPDN business partners abroad.
Other difficulties, resistance from foreign investors is not light. Therefore, it could be foreign investors will reject the results of the calculation of the Directorate General of Taxation. "For example the case of PT Asian Agri, has not completed five years. Therefore, the solution transfer pricing necessary prudence and wisdom. It should be tenacious negotiations, and priority-oriented investment climate, do not even disturb the investment climate," said Gunadi to KONTAN, Sunday ( 14/11).
However, Gunadi welcomed the plan to correct Taxation Office is that smell venture agreement that transfer pricing. Understandably, the potential loss of tax revenue due to transfer pricing by companies, firms operating in Indonesia very much.
Gunadi indicated in number during 2009 and then reached Rp 1,300 trillion. Thus, the formation of anti-transfer pricing team is the right thing.
Previously, observers Taxation Narliswandi Piliang also never convey the potential tax loss due to transfer pricing practices could reach Rp 1,300 trillion. He stated, the figures were derived from Section Transfer Pricing Taxation Office is prepared on the basis of data of the Organization for Economic Co-operation and Development, or OECD. (KONTAN, June 30, 2010).
Director of Counseling Services and Public Relations Directorate General of Taxation Iqbal enforcement Perdirjen 48 Alamsjah hope this can boost state revenue from the tax sector. "How to correct the untruth of the information from the taxpayer in the country with their counterparts abroad," he said.
Source : Harian Kontan, 16 November 2010
In accordance with the Director-General (Perdirjen) Tax Number Per-48/PJ/2010 the effective 3 November, the Directorate General of Taxation is authorized to correct the trade agreement which indicated transfer pricing between the taxpayer of the Interior (WPDN) with their counterparts abroad. Correction was done when there are indications unrighteousness information or document that agreement.
However, observers warned Gunadi Taxation, University of Indonesia, Directorate General of Tax plan would be difficult. Some obstacles, among others, the Directorate General of Taxation will have difficulty when determining the ratio of price and profit data as agreed between WPDN and their partners abroad. Therefore, the Directorate General of Taxes shall also perform cross-checks to WPDN business partners abroad.
Other difficulties, resistance from foreign investors is not light. Therefore, it could be foreign investors will reject the results of the calculation of the Directorate General of Taxation. "For example the case of PT Asian Agri, has not completed five years. Therefore, the solution transfer pricing necessary prudence and wisdom. It should be tenacious negotiations, and priority-oriented investment climate, do not even disturb the investment climate," said Gunadi to KONTAN, Sunday ( 14/11).
However, Gunadi welcomed the plan to correct Taxation Office is that smell venture agreement that transfer pricing. Understandably, the potential loss of tax revenue due to transfer pricing by companies, firms operating in Indonesia very much.
Gunadi indicated in number during 2009 and then reached Rp 1,300 trillion. Thus, the formation of anti-transfer pricing team is the right thing.
Previously, observers Taxation Narliswandi Piliang also never convey the potential tax loss due to transfer pricing practices could reach Rp 1,300 trillion. He stated, the figures were derived from Section Transfer Pricing Taxation Office is prepared on the basis of data of the Organization for Economic Co-operation and Development, or OECD. (KONTAN, June 30, 2010).
Director of Counseling Services and Public Relations Directorate General of Taxation Iqbal enforcement Perdirjen 48 Alamsjah hope this can boost state revenue from the tax sector. "How to correct the untruth of the information from the taxpayer in the country with their counterparts abroad," he said.
Source : Harian Kontan, 16 November 2010
Sunday, November 14, 2010
DG Tax perfected Transfer Pricing
JAKARTA. The case of the alleged transfer pricing PT Asian Agri is a scene some time ago helped push the Directorate General (DG) of Taxation Ministry of Finance tidying resolve transfer pricing.
In simple terms, transfer pricing is a tax avoidance tricks performed by companies engaged in transactions with affiliated companies in foreign countries who do not wear fair price. As a result, income or profit companies looking thin and end up paying income taxes (income tax) is smaller than it should.
One, the government's efforts to prevent transfer pricing is to add the authority of the Directorate General of Taxation to correct the mutual agreement between the taxpayer of the Interior (WDPN) with their counterparts abroad. Correction done when there are indications of untruth information or documentation submitted by WPDN Indonesia and their partners.
These provisions set out in Article 19 of Regulation No. DGT Per-48/PJ/2010 Concerning the Implementation of the Joint Approval Procedure (Mutual Agreement Procedure) Based on Avoidance of Double Taxation (P3B). Beleid effective from 3 November 2010.
P3B is the agreement between Indonesian Government and the state government or jurisdiction partners to prevent the occurrence of double taxation and tax evasion.
Director of Counseling, Services, and Public Relations Directorate General of Taxation Iqbal Alamsjah hope with all provisions of these rules relates P3B and done thoroughly by the Directorate General of Taxation. "And also is expected to increase tax revenue, because of the possibility of correction of tax on transfer pricing practices that had happened," he said, Wednesday (10/11).
However, tax analysts said Dani Septiadi new rules to prevent transfer pricing is not necessarily able to increase tax revenue. It depends on the method and quality of later corrections made Directorate General of Taxation. "If the tax there was a correction method was less precise Directorate General of Taxes, then they do not want to do the coresponding Adjustment," he explained
Source: Harian Kontan, 11 November 2010
In simple terms, transfer pricing is a tax avoidance tricks performed by companies engaged in transactions with affiliated companies in foreign countries who do not wear fair price. As a result, income or profit companies looking thin and end up paying income taxes (income tax) is smaller than it should.
One, the government's efforts to prevent transfer pricing is to add the authority of the Directorate General of Taxation to correct the mutual agreement between the taxpayer of the Interior (WDPN) with their counterparts abroad. Correction done when there are indications of untruth information or documentation submitted by WPDN Indonesia and their partners.
These provisions set out in Article 19 of Regulation No. DGT Per-48/PJ/2010 Concerning the Implementation of the Joint Approval Procedure (Mutual Agreement Procedure) Based on Avoidance of Double Taxation (P3B). Beleid effective from 3 November 2010.
P3B is the agreement between Indonesian Government and the state government or jurisdiction partners to prevent the occurrence of double taxation and tax evasion.
Director of Counseling, Services, and Public Relations Directorate General of Taxation Iqbal Alamsjah hope with all provisions of these rules relates P3B and done thoroughly by the Directorate General of Taxation. "And also is expected to increase tax revenue, because of the possibility of correction of tax on transfer pricing practices that had happened," he said, Wednesday (10/11).
However, tax analysts said Dani Septiadi new rules to prevent transfer pricing is not necessarily able to increase tax revenue. It depends on the method and quality of later corrections made Directorate General of Taxation. "If the tax there was a correction method was less precise Directorate General of Taxes, then they do not want to do the coresponding Adjustment," he explained
Source: Harian Kontan, 11 November 2010
Thursday, November 11, 2010
Tax relief important factor for exchange
JAKARTA: The government's seriousness in promoting the progress of commodity futures trading industry one of them by giving tax relief a major factor in whether or not advanced futures exchanges in a country.
CEO of Multi Commodity Exchange (MCX) Lamon Rutten said, in Indian country, the government strongly supports the development of futures trading industry, with various forms of support.
With serious support from the government, continued Rutten, India now has 70 commodity futures exchange with five of them national and some are included in the top 10 futures exchanges in the world.
"Support the government of India including the form of tax free deposits," says Rutten to Business in Jakarta, yesterday.
He added that other forms of support that is related to the contract approval process easier, and related ministries are ready to become lobbyists among other ministries, including the company's red plate to give my full support.
Rutten said that MCX has become the largest commodity exchanges in India and the sixth largest in the world. Transaction volume in MCX during 2009 amounted to 161.2 million contracts or uphill lot 70.9% from the position 2008. MCX even more superior position compared with the London Metal Exchange (LME), which occupies the position of the 7th world with a volume of 106.5 million lots in 2009.
MCX currently mentransaksikan futures contracts, among others, WTI crude oil, copper, silver, gold, nickel and natural gas. For silver contract transactions, MCX was in a position to claim the first world, for gold, copper and natural gas positioned the second highest and third position of crude oil in the world.
Rutten adds in addition to government support, the progress of the stock futures can not be separated from several contributing factors, including socialization. Stock management together with the related government must be diligent about the existence of socialization and its products.
"The market should not hesitate to spend socializing, other than that the government should also support the dissemination of this," he said.
Deputy Trade Minister Mahendra Siregar said the futures exchange in the country need to learn from the experience of India. India managed to develop a commodities futures exchange, so some of them could be a top 10 futures exchanges in the world.
"Indonesia needs to learn from the experience of futures exchanges in India to develop a futures exchange in the country," said Mahendra.
Wamendag said that Indonesia and India have the same culture that is an agricultural country. The country has managed futures advanced.
Source : bisnis.com, 8 November 2010
CEO of Multi Commodity Exchange (MCX) Lamon Rutten said, in Indian country, the government strongly supports the development of futures trading industry, with various forms of support.
With serious support from the government, continued Rutten, India now has 70 commodity futures exchange with five of them national and some are included in the top 10 futures exchanges in the world.
"Support the government of India including the form of tax free deposits," says Rutten to Business in Jakarta, yesterday.
He added that other forms of support that is related to the contract approval process easier, and related ministries are ready to become lobbyists among other ministries, including the company's red plate to give my full support.
Rutten said that MCX has become the largest commodity exchanges in India and the sixth largest in the world. Transaction volume in MCX during 2009 amounted to 161.2 million contracts or uphill lot 70.9% from the position 2008. MCX even more superior position compared with the London Metal Exchange (LME), which occupies the position of the 7th world with a volume of 106.5 million lots in 2009.
MCX currently mentransaksikan futures contracts, among others, WTI crude oil, copper, silver, gold, nickel and natural gas. For silver contract transactions, MCX was in a position to claim the first world, for gold, copper and natural gas positioned the second highest and third position of crude oil in the world.
Rutten adds in addition to government support, the progress of the stock futures can not be separated from several contributing factors, including socialization. Stock management together with the related government must be diligent about the existence of socialization and its products.
"The market should not hesitate to spend socializing, other than that the government should also support the dissemination of this," he said.
Deputy Trade Minister Mahendra Siregar said the futures exchange in the country need to learn from the experience of India. India managed to develop a commodities futures exchange, so some of them could be a top 10 futures exchanges in the world.
"Indonesia needs to learn from the experience of futures exchanges in India to develop a futures exchange in the country," said Mahendra.
Wamendag said that Indonesia and India have the same culture that is an agricultural country. The country has managed futures advanced.
Source : bisnis.com, 8 November 2010
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