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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