ID :
14019
Sun, 07/27/2008 - 21:03
Auther :
Shortlink :
http://m.oananews.org//node/14019
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GOVT PROPOSING 200 PCT INCREASE IN MAXIMUM LUXURY GOODS TAX
Jakarta, July 27 (ANTARA) - The government is proposing to the House of Representatives (DPR) a 200 percent increase in maximum luxury good sales' tax (PPnBM), or a drastic increase from the current PPnBM at 75 percent, according to a government's draft proposal on increase in value added tax (PPN) and PPnBM.
"We have to study it first because we do not want that all luxury goods will eventually be liable to the maximum PPnBM," Chairperson of the Working Committee on the PPN and PPnBM Bill, Vera Febyanthy here over the weekend.
She said her side would ask for inputs from all stakeholders who were related to the proposal, particularly the automotive industries owing to the fact that so far the maximum PPnBM had been imposed on four wheel vehicles with machine capacity of over 3,000 CC.
"I agree with it if the aim of the proposal is to increase the state tax receipts but there must be classifications of luxury goods first," she said.
This year the government has set a target of Rp129.7 trillion in tax receipts from PPN and PPnBM, which is an increase of 39.4 percent from Rp93.0 trillion a year earlier.
Up to the first semester of 2008, the realization of tax receipts from the PPN and PPnBM has reached Rp87.1 trillion or about 67 percent of the target
"We have to study it first because we do not want that all luxury goods will eventually be liable to the maximum PPnBM," Chairperson of the Working Committee on the PPN and PPnBM Bill, Vera Febyanthy here over the weekend.
She said her side would ask for inputs from all stakeholders who were related to the proposal, particularly the automotive industries owing to the fact that so far the maximum PPnBM had been imposed on four wheel vehicles with machine capacity of over 3,000 CC.
"I agree with it if the aim of the proposal is to increase the state tax receipts but there must be classifications of luxury goods first," she said.
This year the government has set a target of Rp129.7 trillion in tax receipts from PPN and PPnBM, which is an increase of 39.4 percent from Rp93.0 trillion a year earlier.
Up to the first semester of 2008, the realization of tax receipts from the PPN and PPnBM has reached Rp87.1 trillion or about 67 percent of the target
