Top! Sri Mulyani Accelerates Return Of More Tax Payments From A Year To 15 Days

Illustration (Photo: Doc. Antara)

Minister of Finance (Menkeu) Sri Mulyani stated that the government had set a regulation to accelerate the return of excess tax payments (restitution) from 1 year to 15 days at the beginning. This was conveyed by the Minister of Finance when holding a press conference earlier this week.

"This tax restitution applies to individual taxpayers (WP) as stated in PER-5/PJ/2023 concerning accelerating the return of overpayment taxes with a value of up to Rp100 million," he said, Monday, July 24.

The Minister of Finance explained that this initiative provides more simple, easy, and fast restitutional services. In addition, he also conveyed that the restitution process is carried out in a less intervention, and less face to face so as to guarantee accountability and abuse of authority.

"We continue to socialize so that taxpayers can take advantage of this facility optimally and can reduce compliance costs significantly," he said.

The Ministry of Finance reports that the number of private SPT PPh by paying up to Rp100 million is 15,419 taxpayers with a total nominal value of Rp56.3 billion.

Of that amount, 1,895 taxpayers have been given a return with a total value of Rp7.3 billion.

Meanwhile, the realization of tax revenues until the first semester of 2023 was recorded at IDR 970.2 trillion or equivalent to 56.4 percent of the APBN target set at IDR 1,718 trillion.