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Apindo calls for fiscal consolidation to increase purchasing power




Jakarta (ANTARA) – Indonesian Entrepreneurs Association (Apindo) President Hariyadi Sukamdani called on the government to implement fiscal consolidation through social security programs and business incentives to increase the purchasing power of people.

Such a policy can ease the burden on society, if the Emergency Restrictions on Public Activities (PPKM) are extended beyond July 26, 2021, he said. So far, economic players have not felt the benefits of tax breaks offered by central and local governments, he said.

“Government tax relief concerns the payment of income tax for taxpayers (PPH 25) and workers (PPH 21). The use of incentives has been used by many, but it has not been very useful for the industries affected, ”Sukamdani said at an online press conference in Jakarta on Wednesday, July 21, 2021.

Companies still have to declare their taxes under PPH 25 despite the losses incurred, he said. The reason is that the income tax payment (PPH 25) is collected monthly, while the profits and losses of the companies are declared at the end of the year, he explained.

The increase in Non-Taxable Income (PTKP) to Rs 200 million under PPH 21 in 2020 has not helped many entrepreneurs, Sukamdani observed.

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The reason was that the incomes of employees in companies affected by COVID-19 did not reach 200 million rupees, he said.

“The companies that have benefited from the tax break have not been affected,” he added.

Meanwhile, regarding taxes collected by local governments, he said each local government has a different tax policy. But, in general, only a few local governments offer tax breaks to employers, he added.

“Local taxes vary. Some grant reductions on the tax on land and real estate transactions (LBTT). As in Jakarta, the government grants a 20% reduction, but only at the end of the year. The relief is not maximum because some companies have paid before the deadline, “Sukamdani noted.

Earlier on Tuesday, President Joko Widodo said he had decided to extend the PPKM until July 25, 2021. If the trend of cases continued to decline, the government would gradually lift restrictions, he added.

Related news: The 2021 draft budget fails to increase purchasing power: Indef




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