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Jakarta Post

'Sunset policy' program extended until February

  • Aditya Suharmoko,

    The Jakarta Post,

Jakarta   /   Wed, December 31 2008   /  10:50 am

The government will extend its "sunset policy" tax program until February 2009 following requests by businesses which are unable to complete their accounts due to problems related to the global economic downturn. "The sunset policy is delayed to February 2009," Finance Minister Sri Mulyani Indrawati said in Tuesday's gathering with investors at the Indonesia Stock Exchange. "But I expect businesses will not wait until the deadline (to improve their tax filings or for people to have a tax registration number," she said. The initial deadline for the policy was on Dec. 31. As a result of a new tax law on general tax procedures late last year, the government has issued rules requiring all taxpayers to register and to honestly report their taxes and comply with the existing regulations. Under the new policy, often referred to ...