HMPS Accounting National Taxation Webinar "Measuring the Urgency of a 12% VAT Increase"
On Saturday, October 16, 2021, the National Taxation Webinar was held which is one of a series of events from the 2021 Galaxy (Accounting Competition Festival). The 2021 Galaxy is an activity organized by the Accounting Study Program Student Association of UIN Syarif Hidayatullah Jakarta. This webinar will be held from 08:45 – 12:00 WIB. Considering that offline activities are not allowed, this webinar will be held online via the Zoom platform and Youtube Live Stream. The theme raised was "Measuring the Urgency of 12% VAT Increase" which was attended by 415 registered participants.
The first speech was given by Yessi Fitri, SE., Ak., M.Sc., CA. as the Head of the Accounting Study Program at UIN Syarif Hidayatullah Jakarta.
The second speech was given by Prof. Dr. Amilin, S.E. Ak., M.Sc., CA., QIA., BKP,. CRMP. as Chairman of the Dean of the Faculty of Economics and Business UIN Syarif Hidayatullah Jakarta.
The resource persons for this webinar are Inge Diana Rismawanti, S.E., Ak., M.F.M., Ph.D. as Head of the Sub-Directorate of Tax Extension, Directorate General of Taxes. In his presentation, the resource person explained how the background of the government in proposing an increase in the VAT rate from 11% to 12% in 2025.
This activity is expected to be able to provide understanding to all participants related to taxation, especially Value Added Tax (VAT) and its impact on the State Budget, as well as understanding the objectives and challenges in implementing the 12% VAT rate.
This webinar on National Taxation briefly concludes that in order to realize a developed Indonesia, a healthy and sustainable State Budget is needed, high economic growth, and a broad tax base. Supported by 4 pillars, namely sustainable tax revenues, optimal PNBP, quality state spending, and efficient & prudent financing.
The urgency of tax reform towards fair, healthy, effective, and accountable taxes, with policy reforms, administrative reforms, tax law reforms, bureaucratic reforms, and modernization of the tax office. These reforms have yielded positive results, but there are still many challenges that must be resolved, namely unfair & regressive, narrow, distorting tax bases, system complexity & administrative imperfections, and global tax trends.
Challenges related to Value Added Tax (VAT) are that Indonesia can only collect 63.58% of the total VAT that should be collected, too many exceptions to goods and services and too many facilities, causing distortion and inequality in the contribution of the business sector to GDP and domestic VAT. , the VAT rate in Indonesia is lower than the world average rate of 15.4%, and the single VAT rate does not reflect fairness.
The first speech was given by Yessi Fitri, SE., Ak., M.Sc., CA. as the Head of the Accounting Study Program at UIN Syarif Hidayatullah Jakarta.
The second speech was given by Prof. Dr. Amilin, S.E. Ak., M.Sc., CA., QIA., BKP,. CRMP. as Chairman of the Dean of the Faculty of Economics and Business UIN Syarif Hidayatullah Jakarta.
The resource persons for this webinar are Inge Diana Rismawanti, S.E., Ak., M.F.M., Ph.D. as Head of the Sub-Directorate of Tax Extension, Directorate General of Taxes. In his presentation, the resource person explained how the background of the government in proposing an increase in the VAT rate from 11% to 12% in 2025.
This activity is expected to be able to provide understanding to all participants related to taxation, especially Value Added Tax (VAT) and its impact on the State Budget, as well as understanding the objectives and challenges in implementing the 12% VAT rate.
This webinar on National Taxation briefly concludes that in order to realize a developed Indonesia, a healthy and sustainable State Budget is needed, high economic growth, and a broad tax base. Supported by 4 pillars, namely sustainable tax revenues, optimal PNBP, quality state spending, and efficient & prudent financing.
The urgency of tax reform towards fair, healthy, effective, and accountable taxes, with policy reforms, administrative reforms, tax law reforms, bureaucratic reforms, and modernization of the tax office. These reforms have yielded positive results, but there are still many challenges that must be resolved, namely unfair & regressive, narrow, distorting tax bases, system complexity & administrative imperfections, and global tax trends.
Challenges related to Value Added Tax (VAT) are that Indonesia can only collect 63.58% of the total VAT that should be collected, too many exceptions to goods and services and too many facilities, causing distortion and inequality in the contribution of the business sector to GDP and domestic VAT. , the VAT rate in Indonesia is lower than the world average rate of 15.4%, and the single VAT rate does not reflect fairness.