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View all search resultsSBY signs regulation on SME tax
President Susilo Bambang Yudhoyono has signed a presidential regulation on the taxation of small and medium enterprises (SMEs)
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President Susilo Bambang Yudhoyono has signed a presidential regulation on the taxation of small and medium enterprises (SMEs).
According to this regulation, SMEs will be subject to pay 1 percent of their total sales in taxation.
"The regulation only needs to be passed at the State Secretariat," Yudhoyono's special staff on the economy, Firmanzah, said on Monday as quoted by kompas.com.
Previously, Taxation Director General Fuad Rahmany had said that the policy to impose taxation on SMEs would maximize the state's potential income from taxes.
