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New Tax Laws For 2013
Taxand Indonesia discovers the new tax laws to be introduced in 2013.
The Indonesia-Hong Kong Tax Treaty and the Indonesia-Morocco Tax Treaty will both come into effect 1 January 2013. Individual taxpayers will have a higher income tax threshold, increasing to Rp. 24,300,00 from Rp. 15,840,000. The right to collect the Land & Building Tax in villages and towns will be taken over by the local government.
When reporting the Individual Annual Income Tax Return online, taxpayers must have an electronic filing identification number.
There is a new procedure for the issuance of tax invoices. Previously, tax invoice numbering did not require an activation code and password. However, for security reasons, all taxable enterprises must have their own activation codes and passwords in order to issue tax invoices. If not, then a tax invoice shall be deemed to be incomplete.
The expiry date for the issuance of tax assessment letters has been revised. The end of December 2013 is the expiry date for the issuance of tax assessments for the fiscal year, fiscal period, or part of the fiscal year 2007 and previous years. Previously, the cut-off period was 10 years, but this will now be reduced to 5 years.