Tuesday, December 23, 2008

Indonesian Fiscal Tax Regulation in 2009

Hold off on holiday plans for a month. Come January 1st, 2009, Indonesian residents paying Rp 2,5 million each time they’re bound for foreign ground may become a thing of the past as a new ruling to do away with the unpopular fiscal tax kicks in. Under the new law, designed to encourage Indonesians to register and pay taxes, travelers with an official tax registration number (NPWP) get to travel fiscal free. For family travel, only the NPWP of the family head needs t be shown for exemption – dependents under 21 years of age are exempted under parent’s NPWP. Cherish the goodwill though; tax officials have hinted that the new law, up for review two years later in 2011, may only be temporary.

Source: The Jakarta Post, Sun, 11/23/2008 1:38 PM

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