VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The government made a breakthrough to gain investment and increase exports as much as possible. One of the breakthroughs that was made was to immediately undertake massive tax cuts in several business sectors. Finance Minister Sri Mulyani Indrawati said President Joko Widodo (Jokowi) had requested that the Ministry of Finance provide more facilities but not just instruments, but more importantly whether it could work in the field.

"So if there are decreases such as tax holidays and tax allowances or even our plans to make changes to the PPH (Income Tax) law so that the tariffs are lower, that is now how fast it is being exercised, and it must really be calculated. The rate drops to 20 percent, how fast and how much fiscal risk can be borne and how it is implemented, "said Sri Mulyani, answering reporters after attending the Limited Meeting to discuss the issue of Breakthrough Investment, Exports and Taxation, at the Presidential Office, Jakarta, Wednesday (6/19) ) afternoon.

Then regarding the super deduction tax, Minister of Finance Sri Mulyani Indrawati hopes that the Government Regulation (PP) will come out soon. She pointed out examples such as those for motorized vehicles that are expected to have finished harmonizing, and can be released this week or early next week. "Because it's finished so we can expect it to come out soon," he said.

Minister of Finance detailed, there was also the exemption of VAT (Value Added Tax) for leasing aircraft from abroad which had been imposed to reduce the burden on airlines.

In addition there is also a decrease in PPH rates for bond interest for infrastructure, where the government will reduce from 15% to 5%.

Regarding the property sector, according to Minister of Finance, after increasing the price limit of houses / apartments by Rp30 billion which was subject to PPnBM 20 percent from the previous Rp20 billion and Rp10 billion, the government will also increase the VAT (Value Added Tax) limit for simple houses according to their respective regions -one.

Furthermore, the rate of luxury housing article 22 income tax also fell from 5% to 1%, and the validation of PPH land sales will also be simplified.

"That is all so that the property sector will stretch better," explained the Minister of Finance. (setkab)