JAKARTA, KOMPAS.com – Minister of Finance Sri Mulyani has officially issued rules for the implementation of the Voluntary Disclosure Program (VDP) which will take place from January 1, 2022 – June 31, 2022, or commonly known as Tax Amnesty Volume II. The regulation is the Minister of Finance Regulation (PMK) Number 196/PMK.03 of 2021 concerning Procedures for the Implementation of the Voluntary Disclosure Program.
Director of Extension, Services and Public Relations, Directorate General of Taxes (DGT) Neilmaldrin Noor said the rules were set on December 22, 2021 and promulgated on December 23, 2021.
“The regulation is an implementing regulation for the Voluntary Disclosure Program (VDP). As stated in the Law on the Harmonization of Tax Regulations (HPP), the VDP will take effect from January 1, 2022 to June 30, 2022,” said Neil in an official statement, Monday (27/27). /12/2021).
Neil said, this program has many advantages for taxpayers (WP) who participate. One of the benefits is that it is free from administrative sanctions with a magnitude greater than the final PPh rate when participating in PPS.
Then, the property data disclosed cannot be used as a basis for investigation, investigation, or criminal prosecution. For that, he hopes that many WPs will follow the program that has been going on for 6 months.
“PPS is held with the principles of simplicity, legal certainty, and benefit to increase taxpayers’ voluntary compliance before law enforcement is carried out with databases from automatic data exchange and ILAP data owned by DGT,” said Neilmaldrin.
To be clear, here are two policies that will be in the “Tax Amnesty Volume II” program next year. This policy has a different income tax rate according to the state of the property.
Participants of the 2016 tax amnesty program for individuals and entities can disclose net assets that have not been reported at the time of the tax amnesty program, by paying Final Income Tax of:
a. 11 percent for overseas property not repatriated into the country.
b. 8 percent for repatriated overseas property and domestic property.
c. 6 percent for repatriated overseas property and domestic property, invested in Government Securities (SBN) and downstream natural resources and renewable energy.
Individual taxpayers participating in the tax amnesty program as well as non-participants can disclose net assets derived from income from 2016 to 2020, but have not been reported in the 2020 SPT, paying final income tax as follows.
a. 18 percent for overseas property not repatriated into the country.
b. 14 percent for repatriated overseas property and domestic property.
c. 12 percent for repatriated overseas property and domestic property, invested in Government Securities (SBN) and downstream natural resources and renewable energy.