Page 5 - Indonesia Taxation Quarterly Report (Q2-2020)
P. 5

Forewords









                                   Forewords




                                   Praise be to God Almighty, that by His blessings and approval, this report entitled
                                   “Indonesia Taxation Quarterly Report II-2020” can be published.
                                   This publication preserves countenance of DDTC’s consistency in providing most
                                   updated guidance for tax stakeholders –including investors, business associates,
                                   policy makers, academicians, media and society as a whole.

                                   In this time of hardships caused by Covid-19 pandemic, we would like to extend our
                                   sincere sympathy to every affected person and family. We do hope that permanent
                                   solution can soon be offered so that we can rise stronger together.
                                   Hence, we also need to be optimistic that this momentum will shall pass in near
                                   future. By acknowledging the ‘sense of crisis’, we will all need to persevere and come
                                   together for the sake of our collective future.

                                   Having mentioned that, the government also continues to be mindful of the path to
                                   resilient recovery. The various measures announced recently underscores the multi-
                                   pronged approach that will help Indonesia endure and recover from the economic
                                   impact of Covid-19.

                                   From above context, tax instruments continue to present in the times of difficulty
                                   and uncertainty.  Notably, tax policy plays significant role not only to finance the
                                   recovery program (budgetair) but also as supporting tools for affected households
                                   and businesses (regulerend).

                                   Accordingly, this report primarily presents Indonesia’s tax revenue prospect during
                                   economic recovery.  Based  on  our analysis,  the  speed  and  strength  of the  tax
                                   revenue recovery will depend eventually on the ability of tax base to keep the fiscal
                                   sustainability alive. Furthermore, we also present report on how tax office’s approach
                                   changes to adapt tax business process in the ‘new normal’ phase.
                                   In all sincerity, we do hope that “Indonesia Taxation Quarterly Report II-2020” may
                                   offer a strong impact and meaningful that will benefit the whole tax system and its
                                   surroundings.








                                                                                           Jakarta, August 2020






                                                                                                   Darussalam
                                                                                        Managing Partner DDTC















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