Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · The Sun Also Sets, Just Later
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

The Sun Also Sets, Just Later

Indonesian Tax Officials Extend Deadline for Tax Registration Until February 2009.


Bali News:
Click Image to Enlarge

(1/4/2009)

The Indonesian government has extended the deadline on its "sunset policy" from December 31, 2008 until February 2009. The policy, which waives tax sanctions for companies and individuals who register and acquire official tax numbers (NPWP) before the deadline date, is being extended by the government in response to numerous requests from the public.

The "sunset policy" has been labeled by the government as a genuine success, increasing the number of registered tax payers by more 3 million to more than 10.2 million.

Indonesia's Minister of Finance, Sri Mulyani, remains committed to increasing Indonesia's tax base and resulting revenues. To this end, she is forging new relationships between the tax office, immigration and the Department of Justice. Reflecting this new cooperation, the immigration department now requires applicants for Indonesian passports to have an NPWP. Meanwhile, Bank Indonesia is assisting the Department of Taxation by requiring that NPWP be noted on every foreign exchanged transaction exceeding US$10,000.

Clearly, Indonesia is heading toward a more pervasive and encompassing tax regime. Much of this new regime will center around the NPWP, a number that may soon be required on a whole range of legal documents and financial transactions.

Possible changes of particular concern in Bali include:

• Indications that Notaries are now requiring the inclusion of an NPWP numbers for all parties to property transactions. This will place nominees in a potentially precarious position with tax officials who may question the source of funds used for leases and purchase agreements.

• Concerns that immigration officials will begin counting the number of days "in country" during the past 12 months and require payment of the Rp. 2.5 million fiscal tax for anyone having spent more than 183 days in Indonesia in the past year.

• Banks requesting NPWP numbers for any transfer in or out of the country exceeding US$10,000.

One local observer, referring to the tidal changes now underway with the Indonesian tax system commented, "hang on, this could get interesting."


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Amazing Grace
Grace Jones to Perform in Bali October 8, 2016
(7/29/2016)
Vanishing Stripes
Bali Safari and Marine Park Celebrates World Tiger Day to Warn the World of a Disappearing Species
(7/29/2016)
Bali to Remain Rainy Until End of Year
El Nina’s Impact on Bali’s Weather Predicted to Persist Until End of 2016
(7/29/2016)
Indonesia Executes Four
Only Four of Previously Announced 14 Narcotics Prisoners Shot by Firing Squad in Central Java
(7/29/2016)
Russian Loses Battle with Indonesian Military
Russian Tourist May Face 7 Years in Prison for Robbing an Ungasan, Bali Moneychanger
(7/29/2016)
These Streets are Made for Pedestrians Denpasar Officials Seek to Keep Sidewalks Clean of Street Ven
Pushcart vendors (Pedagang Kaki Lima - PKL) who circulate Bali’s capital of Denpasar are blamed for causing dirty streets, traffic jams and a host of other social ills.
(7/29/2016)
Shot with a Camera and a Gun
Police Shoot Kuta, Bali Thief After Theft from Tourist Caught on CCTV Camera
(7/29/2016)
Bali by Ancient Books
Traditional Lontar Exhibition at Hatten Wine Building August 4 – 7, 2016
(7/29/2016)
The Toast of Bali
St. Regis Bali Kayuputi and Laguna’s Arwana Cited by Wine Spectator Magazine
(7/29/2016)
Are you on the Run?
More than 1,500 Participants Expected at Herbalife Bali International Triathlon August 14, 2016
(7/25/2016)
Death at Double Six Beach
Canadian Presumed to Have Drowned Off Double Six Beach in Bali
(7/25/2016)
Danish Tourist Dies on Tour
Danish Tourist Dies of Apparent Heart Attack While Touring Bali’s Rice Terraces
(7/25/2016)
All [News]!