Minister of Finance, Sri Mulyani, accompanied some of state officials to report their Individual Income Tax Returns (IITR) via e-Filing at the Directorate General of Taxes Office yesterday (08/03/22). This was broadcasted live via @DirjenPajakRI YouTube channel.
The Minister of Finance said that taxes are the largest source of income for Indonesian State Budget, which is based on the mutual cooperation system. "In Indonesia, the main principle of taxation is mutual cooperation," Sri Mulyani said in her speech. The purpose of mutual cooperation is that people who have more are required to pay more, those who have less will also pay less taxes, and those who cannot afford will receive state assistance.
On the other hand, the government also provides a number of incentives for business sectors, especially during COVID-19 pandemic as an attempt to recover, such as through the provision of incentives for delays and payments borne by the government.
She conveyed that the principle of mutual cooperation in Indonesian Taxation system can help the country’s development especially in fulfilling state revenue obligations.
At the end of his remarks, the Minister of Finance reminded Taxpayers to immediately report Annual ITR 2021. Annual ITR for Individual Taxpayers is due on March 31, 2022 and for Corporate Taxpayers, is due on April 30, 2022.
