New Fiscal 2011

New Fiscal 2011 - The pain of this 2011 pocket preceded by the slope of January and will increase throughout the year, especially for those who suffer from the new tax in 2011, among which the deduction for primary residences for people who have revenues of over € 24,000 per year and an increase of maximum rate of income tax on high incomes. Many will be to do their utmost to save and can afford the payments.

With the start of the year, the tax department of KPMG Abogados area presented a report detailing the new fiscal 2011, which will be important to know:

Changes affecting the Company:

 -Corporation Tax: In 2010 it had reduced the different rates that apply to deductions for training, for export activities, and other environmental investments, now in 2011 straight away.

 - Amortization: Royal Decree-Law 13/2010 allows the modification of the DA TRLIS eleventh, allowing accelerated depreciation must not comply with the maintenance of employment in certain investments made since January 1, 2011 and having as limit 2015.

 -In regard to the SME sector since the year 2011, states that the turnover of the previous year for which you can apply the special tax treatment of SMEs will spend 8 to 10 million euros.

 Besides the fact that in certain cases, those companies that ceased to be SMEs, will continue the implementation of the scheme for the next three tax periods.

 On the other hand rises from € 120,202.41 to € 300,000 the amount of the first stretch to ascribe to the reduced rate. On the side of micro-these are companies whose turnover is below the 5 million euros, and that has a staff of fewer than 25 employees and maintain employment, pay taxes on 20% for the base between 0 and 300,000, and 25% for the rest.

 - Value Added Tax (VAT). Be eliminated by January 1, 2011 the above obligation to issue autofactura with regard to the reverse charge.

 In addition to regulating certain types of changes in VAT law, to extend the application of special rules related to the location of gas deliveries. In addition to extending the special rules for gas and electricity to heat and cold.

Extending the deadline to apply VAT on the non-established and resident in the Community, Canary Islands, Ceuta or Melilla, until March 31, 2011.

Also adjusts the VAT Regulations to changes in the Royal Decree Law 6 / 2010 of April 9, in order April 14, 2010, regarding the amendment of the tax base of VAT credits that are wholly or partially uncollectible .

 In addition to exemptions for supplies of goods, imports and services to international organizations that are recognized by Spain or the staff of these agencies have diplomatic status.

 - Related party transactions: they are reduced with respect to cases in which there is the obligation of documenting transactions, having from now on a number of new exceptions.

- Fiscal consolidation. Be reduced from 75% to 70% the minimum percentage required for participation in the subsidiary to consider the tax consolidation regime, under the condition that participation is given by a listed company.

-In regard to Notification, is established from January 1, 2011, the character of obligation that companies receive through electronic notices and communications from the State Agency for Tax Administration.

- Restructuring. By reducing the participation rate below 5% and not less than 3%.

 - Technological innovation. Through the bill Sustainable Economy will rise to 12% deductions for technological innovation activities. Under certain circumstances will govern the environmental investment deduction, a deduction of 8%.

Changes affecting individuals:

 -Tax Income Tax. As set out in sections, changing the scale of the tax lien also included two new sections, while the marginal rate rises to 45% overall, which applies to income of over 175,000.20 €.

 - Birth: the deduction is eliminated by birth or adoption of € 2,500 is the baby check.

-Yields. The amount of income that applies the 40% reduction will be limited to 300,000 € per year.

 -Deduction on housing, one of the most widespread in the media is being eliminated deductions for investments in residence for taxpayers in taxable year, whether similar or about € 24,107.20. with an annual maximum of 9040 euros for those with taxable income of 17,707.20 euros or less, thus being limited basis of the deduction as the tax base of each taxpayer.

It also established a transitional regime for houses that have been previously acquired December 31, 2010.

-Continuing the theme of housing, with respect to the Lease, will review the tax treatment of leases of real property for housing loans, for which the reduction applies to net income from real estate to be obtained from 50% to 60%.

To apply the 100% reduction of net income from real estate reduces the age of the tenant losing 35 to 30 years.

In addition to a transitional regime provided for extending the age of the tenant until the age of 35 years for contracts prior to January 1, 2011.

-The SICAVS in this issue, the Law of geological storage of carbon dioxide, does modify the taxation of income from operations, capital reduction and distribution of premium of actions taken by the SICAVS.

Because since last September 23, 2010, those revenues which have been obtained by partners or participants in such operations will be considered income from capital.

-Stock options. With respect to stock options, the Bill amends Sustainable Economy Personal Income Tax Law.

It should also recall that this 2011 is expected to establish a mechanism for rapid creation of companies, which allows to operate with a new society within a maximum of 5 days and reduced cost.

Via : www.finanzzas.com

Posted on 9:48 PM / 0 komentar / Read More

Rajoy five points will lower the corporate tax for SMEs

Rajoy five points will lower the corporate tax for SMEs. PP president Mariano Rajoy, said yesterday that if his party wins the November 20 elections will reduce the corporate tax by five points for small and medium enterprises. It will be a measure of "shock plan" to apply "in order to grow and create jobs over the next four years."

Rajoy is convinced that without the SMEs, "out of the crisis would be very difficult," so it has plans to enhance an Act of entrepreneurs, help create jobs and, in addition to "turn tax" shall be accompanied by a "significant administrative simplification to reduce bureaucratic burdens." At the same time to facilitate the establishment and expansion of enterprises, support the "drive market."

In an interview with Europa Press, the popular leader announced that another of his priorities is to ensure the deficit target of zero, so that the state spends more than its income. To do so, amend the Fiscal Stability Law with the aim of setting a spending ceiling for the autonomous communities "which may not exceed." Finally, so that "citizens have an absolute knowledge of how their money is spent, the contracts are signed or what are the procedures for the award" will create a Transparency Law of Public Administration. These three immediate steps, Rajoy said the need to "work hard" to accelerate the restructuring of the financial system. In terms of employment, opted for a reform of the market "more flexible industrial relations, promote indefinite contracts and set a reasonable compensation," which implies a lowering of dismissal. In addition, opted to promote enterprise agreements on sectoral.

Also made clear its intention to maintain the minimum wage, while the potential gains linked to the remuneration of officials to the economic growth and job creation. Rajoy noted the importance of establishing an energy policy that takes into account the costs of energy, though he acknowledged that today is "difficult" to lower electric rates. Nevertheless, he scored a goal of reducing its cost and slow the escalation of the tariff deficit.

The construction sector is also a key pillar of the national economy, but did not disclose what their policy on this matter, did ask the banking sector to pull the housing market at a reasonable price that can be sold.

Posted on 9:22 PM / 0 komentar / Read More

Obama signals he may compromise on tax cuts

Obama signals he may compromise on tax cuts, President Barack Obama gave his clearest signal yet on Saturday of a possible post-election compromise with resurgent Republicans that could prevent tax rates from rising for any American, even the wealthiest, come January.

Obama, in his first weekly radio address since his Democrats suffered big losses in Tuesday's congressional elections, reasserted that Bush-era tax cuts should be made permanent for the middle class before they expire at year-end.

But while insisting tax cuts for wealthier Americans should not become permanent because of a $700 billion impact on the deficit over the next decade, he left the door open to a temporary extension for higher income levels -- as long as it falls short of costing that much.

"I believe there's room for us to compromise and get it done together," Obama said, previewing his administration's negotiating stance when the current Congress returns later this month for its final session.

It was the latest sign that Obama might give ground in the high-stakes tax battle, which could test the new dynamic in Washington after Republicans won control of the House of Representatives and weakened the Democrats' Senate majority.

The conciliatory tone comes after Obama had argued fervently for months that the country could not afford to keep tax rates low on those with individual incomes above $200,000.

The possible makings of an agreement that the Democrats could support points to a permanent extension for the middle class coupled with a temporary extension -- possibly for a year or more -- of higher earners' tax cuts.

Republicans, emboldened by their election victories and vowing to block Obama's agenda, have taken a harder line on making permanent for all Americans, including the wealthiest, the tax cuts enacted under former President George W. Bush.

GRIDLOCK OR COMPROMISE

Obama, for his part, made clear he still does not want the rates for the wealthier Americans to be set permanently lower but stopped short of saying he would oppose a temporary fix.

"I believe we can't afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires," he said. He will meet Democratic and Republican leaders at the White House on November 18 to discuss the issue.

The pressure for compromise is that neither party wants to alienate middle-class voters, who on Tuesday punished Democrats at the polls for Obama's economic policies that have failed to put much of a dent in persistently high unemployment.

"All of us want certainty for middle-class Americans," Obama said. "None of us want them to wake up on January 1st with a higher tax bill."

Lawmakers return the week after next for a post-election "lame duck" session. Until the new Congress convenes in January, Democrats will still be in charge in the House.

But gridlock is still possible, especially over sensitive tax policy in the context of a $1.3 trillion budget deficit. Republicans must now decide what their best option is -- take what they can get from Democrats now or wait until next year.

Republicans say small businesses would be hurt if taxes on the wealthiest rise. About 3 percent of small business would be impacted, but they account for about half of small business income, according to the congressional Joint Committee on Taxation. The lower rates for the wealthiest would impact about 3 percent of all Americans.

(Additional reporting by Kim Dixon; Editing by Eric Beech)

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GM can avoid federal taxes on $50 billion of profits: report

GM can avoid federal taxes on $50 billion of profits: report - General Motors Co (GM.UL) will not have to pay U.S. federal taxes on up to $50 billion of profits for as long as 20 years, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.

With the standard federal corporate tax rate at 35 percent, that tax break could save GM $17.5 billion, not factoring in tax deductions, the Journal reported.

Under the Troubled Asset Relief Program, $50 billion of losses that GM racked up before its government-funded bankruptcy can be used to offset its future tax liabilities, the Journal reported.

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Swiss bank UBS reports Q3 profit of $1.65B

Swiss bank UBS reports Q3 profit of $1.65B - Swiss bank UBS AG reported a third-quarter net profit of 1.66 billion Swiss francs ($1.65 billion) Tuesday, beating expectations thanks partly to a significant one-off tax credit.

The Zurich-based bank, which posted a net loss of 564 million francs in the same period of 2009, also said it saw a net inflow of deposits from wealthy customers during the third quarter for the first time in over two years.

In a note to investors, analysts at Zuercher Kantonalbank said that without the tax benefit, adjusted pretax profits were significantly below what had been predicted. Shares in UBS fell 5.2 percent to 16.72 francs ($17.20) on the Zurich exchange by noon.

Chief Executive Oswald Gruebel said UBS had suffered similarly difficult market conditions as its competitors during the quarter, which was marked by weak trading and a surge in the franc against both the dollar and the euro.

"We are optimistic that an uptick in the fourth quarter will benefit all of our business divisions," Gruebel said in a statement. "We remain confident about our future and believe that we are on track to achieve our medium-term goals."

UBS booked an 825 million francs net tax credit during the third quarter, helping it beat consensus estimates among analysts for a net profit of just under 1.14 billion francs. It now has four straight quarters of profit behind it, marking something of a turnaround for a bank that was forced to take a government bailout during the subprime crisis.

Net new money flows — a key indicator of future business — reached 1.2 billion francs during the quarter. The small gain is significant because UBS has seen net withdrawals amounting to over 250 billion francs since mid-2008.

UBS had been struggling for months to stem the flow of client withdrawals and recently launched a large marketing campaign to win back the confidence of Swiss customers.

On Monday a U.S. court approved the dismissal of a criminal tax evasion case against the bank, effectively ending its damaging three-year dispute with U.S. authorities after it turned over thousands of suspected American tax cheats and paid a $780 million fine.

John Cryan, the bank's chief financial officer, told reporters the court's decision was "a good milestone."

Like cross-town rival Credit Suisse Group, which reported a lower-than-expected net profit of 609 million francs last week, UBS said its third quarter was affected by currency swings and low levels of client activity.

Recurring income at its wealth management unit decreased 10 percent compared with the previous quarter "principally due to significant strengthening of the Swiss franc against the U.S. dollar." The bank noted, however, that the 9 percent drop in the value of the dollar during the quarter also helped reduce costs by 731 million francs.

Investment banking made a pretax loss of 406 million francs due to writedowns and subdued client trading as a result of weak economic recovery indicators in the United States.

Analysts said revenues at both units were below expectationsthe operating

UBS said it is on course to meet both the newly agreed Basel III capital requirements for banks, as well as even stricter rules proposed by Swiss regulators to prevent the country's two biggest financial institutions from sudden collapse.

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Greek PM vows 'no new cuts'

Greek PM vows 'no new cuts' - Greek Prime Minister George Papandreou promised Sunday that the revival of the country's ailing economy would require no new pay cuts and tax hikes after bringing in deeply unpopular austerity measures.

"Whatever happens, there will be no additional burdens on salary earners and pensioners, and no rise in tax rates beyond what we have pledged," Papandreou wrote in an article in To Vima daily, two weeks before his Socialist party faces the electorate in local polls.

"Everybody, both inside and outside Greece, must understand that the sacrifices made by the Greek people are unprecedented," the premier wrote.

Papandreou's Socialists are trying to shore up support ahead of the November 7 municipal ballot, the first test of how their popularity has eroded due to the tough austerity measures they enacted this year to beat bankruptcy.

The outcome of the vote is also uncertain in many areas because of a controversial administrative overhaul that merged municipalities and prefectures to cut costs.

According to the latest polls, the Socialists are unlikely to win the two main cities, Athens and Thessaloniki.

And in the greater Athens region, their candidate is threatened by a veteran Socialist who voted against the loan agreement with the European Union and the International Monetary Fund that rescued Greece in return for the cuts.

The agreement, or memorandum, has been vilified by opposition parties who have dubbed Papandreou 'the memorandum PM'.

"The importance of the November 7 vote has acquired a deeper political content: the citizens will give a clear signal on where they want the country to go," Papandreou wrote on Sunday.

"The effort is not over, the alert is not over."

"2011 is the second crucial half -- the last year of recession," he said.

Greece has so far won plaudits from the EU and the IMF on its application of the draconian programme of pay and pension cuts and tax hikes to bring down its budget deficit which was nearly 14 percent in 2009.

The EU's economic affairs commissioner this week said that Athens may be required to make additional austerity cuts to meet 2011 budget deficit targets as revised calculations will now include indebted public companies.

The revision is expected to increase the budget deficit for 2009, the year on which the government's reform calculations are based.

But the Greek finance minister insisted on Saturday that the deficit goals for next year will not change.

"Our target for 2011 is a deficit of 7.6 percent of output or 17 billion euros -- and that stands regardless of where we begin in 2009 and 2010," Finance Minister George Papaconstantinou told Imerisia daily.

"The measures sustaining this goal have already been announced. We will not add other painful measures...from 2011 the structural measures we adopted this year will begin to pay off."

The cuts have sparked six general strikes this year and another nationwide strike by the country's largest union is scheduled for December.

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Cuba unveils new tax code for small business

Cuba unveils new tax code for small business - Cuba unveiled on Friday a new tax code it said was friendlier for small business, signaling authorities are serious about building a larger private sector within the state-dominated economy.

The new system, outlined in the Communist Party daily Granma, greatly increases tax deductions, but also adds taxes and comes with a warning of stiffer enforcement of tax collection.

It replaces a rudimentary tax code in place since 1994 when some self-employment was first authorized but then squeezed by severe regulation.

The tax redesign comes as the government has begun slashing 500,000 workers from state payrolls and preparing to issue 250,000 self-employment licenses to create new jobs in President Raul Castro's biggest reform since taking office in 2008.

He promised economic change when he replaced ailing older brother Fidel Castro and is pushing to boost productivity to help the Caribbean island's troubled economy.

There were just 143,000 self-employed in 2009, according to official figures.

The new tax system enables the self-employed to deduct up to 40 percent from income for the cost of supplies, compared to just 10 percent under the old one.

Formerly, small businesses simply paid a graduated income tax. Now they will also have to pay a 10 percent sales tax and 25 percent social security tax, but both are deductible at the end of the year.

Castro's reform permits the self-employed, for the first time, to hire workers. They will have to pay a 25 percent social security tax for each employee, which will also be deductible, and an undefined labor tax.

ENFORCING SOCIALIST PHILOSOPHY

The Granma story made clear that despite the development of a larger private sector, the government's socialist philosophy remains in place and the labor tax is a way of enforcing it.

"This tax is regulatory in character to avoid concentrations of wealth and indiscriminate use of labor," Granma said.

"The more labor hired the more severe the tax," it said, without providing details.

The Granma story warned that those who are illegally self-employed must obtain a license and said tax scofflaws would face legal action.

"Those who continue working on their own without papers, or do not pay the required taxes, will feel the weight of the law imposed upon them by those mandated to enforce it, the National Tax Office," it said.

Cuba expert Phil Peters at the Lexington Institute in Arlington, Virginia said the new code is an attempt to simplify taxes for small businesses and make sure those taxes are paid.

"My bet is that the sector will grow substantially, but only time will tell how big a tax burden this will be and how many entrepreneurs will be able to live with it," he told Reuters.

The government, which took power in put in a 1959 revolution headed by Fidel Castro, controls about 90 percent of the Cuban economy.

Most small businesses remained in private hands until 1968 when they were all nationalized, down to the shoe shine shops.

The reforms, announced last month, turn back the clock to some degree on the sweeping nationalization.

Along with being able to hire employees, the self-employed will for the first time be able to do business with the state, open bank accounts, receive credits and rent space.

The goal of these changes, Granma said in a story last month, was to "distance ourselves from those conceptions that condemned self-employment almost to extinction and stigmatized those who decided to join it, legally, in the 1990's."

At present, more than 85 percent of the Cuban labor force, or over 5 million people, works for the state, many in unproductive jobs. The government has said it ultimately plans to cut a total of one million state workers, or 20 percent, from state payrolls.

Along with private sector development, many state-owned retail operations will be converted to employee-run cooperatives and leasing arrangements the government said.

(Editing by Jeff Franks and Jerry Norton)

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Clinton: Withhold Flood Aid Unless Pakistan Raises Taxes

Clinton: Withhold Flood Aid Unless Pakistan Raises Taxes - Following up on last month’s demands that Pakistan agree to yet another massive tax increase on “wealthy landowners,” Secretary of State Hillary Clinton has stepped the issue up even more, threatening to withdraw all humanitarian aid from the nation unless they comply.

Today it was even worse, as Clinton pressured the European Union to do the same. Between them, the US and EU have contributed more than half of the $1.5 billion in humanitarian aid for this year’s disastrous floods.

“It is unacceptable,” according to Secretary Clinton, “for those with means in Pakistan not to be doing their fair share to help their own people.” While rich Pakistanis have contributed to relief efforts, they have balked at donating to the official government aid program, citing corruption.

The floods killed thousands and left roughly a fifth of the nation under water, doing major damage to Pakistan at a time when a decade of US-led war along its border had already brought it to the brink of collapse. One would think this would be a poor time to raise taxes, but the Obama Administration has repeatedly demanded Pakistan do so, and despite Pakistan already issuing a number of tax increases over the past year, it seems it isn’t enough.

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More House Democrats call for tax cuts for all

More House Democrats call for tax cuts for all. More Democrats joined Republicans on Wednesday in calling for the preservation of tax breaks for Americans of every income level, bolting this election season from President Barack Obama's plan to preserve cuts for families who earn less than $250,000 and let taxes rise for the wealthiest Americans. But Obama placed the blame for the stalled proposal squarely on Republicans.

"They want to hold these middle class tax cuts hostage until they get an additional tax cut for the wealthiest 2 percent of Americans," the president said in afternoon remarks.

"Doesn't it make sense for us to move forward with the tax cuts that we all agree on?" Obama added. "We should be able to extend, right now, middle-class tax relief on the first $250,000 of income."

Nervous Democrats are among those with concerns about the president's plan.

"We should not be raising taxes in the middle of a recession," Rep. Jim Marshall, D-Ga., who's facing tough odds in his bid for a fourth term, wrote in a terse letter to House Speaker Nancy Pelosi.

"It is essential that we keep things as they are in the short term," said Rep. Travis W. Childers, D-Miss., another conservative incumbent in a tight race, whose district, like Marshall's, voted for Republican John McCain in the 2008 presidential race.

For this pair, one press release announcing their opposition to Obama's plan was not enough. They were two of 31 jittery Democrats who signed a letter urging Pelosi, D-Calif., and Majority Leader Steny Hoyer, D-Md., to abandon the Obama plan and extend to everyone the Bush-era tax cuts due to expire at the end of the year, according to one of its authors, Rep. Jim Matheson, D-Utah.

House and Senate leaders aren't saying which plan they'll propose, or whether they'll even bother with the debate in the charged political atmosphere leading up to the Nov. 2 midterm elections. All 435 House seats, 37 in the Senate and the Democratic majorities in both houses are on the line.

The divisions extended well into Democratic ranks on Capitol Hill. Moderates and conservatives in tight races were skittish about the prospect of being branded tax hikers at the height of election season if a bill to let taxes rise for the wealthy is brought up for debate. Other Democrats said they relish the idea of holding a vote to extend only the middle class tax cuts and daring Republicans to vote against it.

"I want to smoke some people out," said Rep. Bill Pascrell, D-N.J., a supporter of the Obama plan who nonetheless said he was open to compromise.

Common ground was less the issue than whether punting the matter until the end of the year might be politically helpful.

Democratic leaders would not commit to a full debate or a vote in the handful of weeks before Congress leaves town for the campaign trail. Asked directly Wednesday whether Congress should take up the tax cut issue before or after Election Day, Pelosi did not answer. Her lieutenant, Hoyer, sounded open to discussing compromises but did not say when those talks might happen.

Republicans, meanwhile, stayed together on their tax-cuts-for-all message and pressed for action before leaving town in October to go home to campaign. House Republican leader John Boehner, who over the weekend had suggested he would vote for Obama's plan if that were the only option offered him, stuck to the party's message Wednesday.

"If we're serious about helping our economy this month we need to stop the tax hikes, and we need to cut spending," Boehner said.

The expiring tax cuts are the most sweeping in a generation, affecting taxpayers at every income level. Obama wants to make the tax cuts permanent for individuals making less than $200,000 and married couples making less than $250,000.

Republicans support a full renewal of all tax cuts, regardless of income, despite a 10-year cost to the government of about $700 billion above Obama's plan.

___

Associated Press writers Stephen Ohlemacher and Kevin Freking contributed to this report.

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NRIs face tax threat under DTC

NRIs face tax threat under DTC. The new direct taxes code could bring a large number of global Indians under the tax net as it does away with a provision that allowed individuals to escape tax in any country citing double tax avoidance.

The new legislation, introduced in Parliament on Monday, says an individual shall be resident in India in any financial year if he is in the country for more than 59 days in that year and has been in India for more 365 days in the four preceding financial years. A number of Indian industrialists including Vedanta’s Anil Agarwal and Essar’s Ravi Ruia have acquired non-resident status over the years.

“The DTC has only attempted to clean up the provision in line with the laws globally,” said an official with the central board of direct taxes (CBDT), the apex direct tax arm of the government.

A phrase “being outside India” in the existing income tax law exempted individuals who stay outside the country for six months from paying taxes. This was prone to misuse and allowed individuals to escape tax in any country, the official said, requesting anonymity.

The new code is expected to come into effect from April 1, 2012.

More than 25 million Indians stay overseas and one million visit the country every year. A large number of NRIs particularly those working in the gulf countries usually visit India for longer durations.

“This could result in a situation wherein the overseas income of NRIs may be subject to tax under certain situations,” said Vikas Vasal, executive director at consulting firm KPMG.

Amitabh Singh, partner at Ernst & Young, said this could become a dampener for the overseas Indian population who routinely visit India to meet their relatives and friends.

“They will now have to restrict their stay to less than 60 or be in danger of becoming tax residents,” he said.

NRIs who have spent 365 days in the last four years, which is permissible under the current income tax law, are at the risk of becoming a resident and facing tax on their global income.

They will be given relief from payment of tax for two years on their global income in the transition period when they become resident from non-resident, a CBDT official said.

The income tax department can define the term “visit” more tightly to ensure that there is no misuse instead of removing the provision altogether, Mr Singh of Ernst & Young said.

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Progressive Tax Set Up 4 Percent of Vehicles

Progressive Tax Set Up 4 Percent of Vehicles. DKI Jakarta Provincial Government finally set a progressive vehicle taxes for owners of private vehicles and legal entities to a maximum of 4 percent. Progressive tax scale that is, the tax for the first private vehicle at 1.5 percent, the second vehicle of 1.75 percent, the third vehicle of 2.5 percent, and the fourth vehicle until thereafter at 4 percent. This figure is much smaller than the progressive tax rules set out in Law No. 28 Year 2009 concerning Regional Tax and Retribution by 10 percent. Application of progressive tax private vehicles will be enforced effectively in Jakarta starting next January 1, 2011.

Head of Tax Services Office of DKI Jakarta, Iwan Setiawandi, said that the policy implementation of progressive taxes on private vehicle ownership is one of the instruments to restrict the ownership of private motor vehicles. Because they must pay higher taxes with the addition of his personal vehicle. That way, it also will have an impact that is, to reduce congestion in the capital. "With a progressive income tax, people will think back to having more than one personal vehicle," said Iwan in Jakarta, Monday (6 / 9).

Determination of the progressive tax rate in Jakarta, says Iwan, one of them by looking at the economic capacity of people in Jakarta and economic development in DKI Jakarta. On that basis, the amount of the progressive tax rate is set lower than the determination of progressive taxes in Law No. 28 Year 2009 amounted to 10 percent.

The new law, every city and region are given the authority to determine the magnitude of progressive tax rates based on economic potential of their respective regions. This is done so as not to burden the citizens of the area in paying the taxes.

Head of Rules and Guidance, Office of Tax Services of Jakarta, Susilo Arief, said the potential for a progressive tax scale that had been submitted to the Regional People's Representative Council (DPRD) of DKI Jakarta and has been approved by council members. That way, when these are only waiting for approval in the form of bylaws. "We are waiting for ratification only. After that stay the process of granting a number to be used as local regulations and sheet regions. Then valid regulations which will then be made governor regulation, "said Arief.

Data from the National Police Commission has noted, the population of DKI Jakarta in March 2009 amounted to 8.5 million people by the number of vehicles registered up to June 2009 reached 9.99 million vehicles. That means, one family has at least three vehicles.

Earlier, Jakarta Governor Fauzi Bowo also once told one of the solutions to limit the number of vehicles that thronged the streets of the capital is to increase the motor vehicle tax. According to this tax instrument will take effect immediately recalling this be the solution most appropriate congestion issues done.

Scheduled to hope that this provision applies not just in Jakarta alone, but also for many other cities such as buffer Bogor, Tangerang, Depok, and Bekasi, so that the volume of vehicles that circulate on the streets of the capital is not increasing.

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Vehicle Tax Increase Will Affect Automotive Industry

Tax rate increase of Motor Vehicles and Motor Vehicle Name Reverse Fee (BBNKB) that became effective on 1 September 2008, is feared will affect Indonesia's automotive industry. Tax increases and the cost behind the name will affect the selling price of the vehicle. Motor vehicle tax increase to reach around five percent, while BBNKB reached 10 percent.

Tariff increase of that size would have an impact on motor vehicle sales figures. The sales decline will also impact on the industry that can absorb approximately 194 thousand labor. The impact of successive tax increases that could be a rationalization of manpower.

Increase Motor Vehicle Tax and BBNKB is also very dependent on their respective local governments. Vehicle tax revenue included in item (PAD). If it does not rise, risk not getting the PSD, but if the rise would cost the community. The rate increase is, in fact, not only aims to increase local revenue, but also restrain the growth rate of motor vehicle and save on fuel usage.

Posted on 10:10 AM / 0 komentar / Read More

Economic Recovery Tax Revenue Increase 2010

DGT is optimistic tax revenue contributions from tax payers (WP) large, both agencies and individuals will increase rapidly this year as the recovery of the Regional Office of the Director General of Taxation WP ekonomi.Kepala Big Riza Noor Karim reveal this year provided the target deposit institutions Rp241 trillion or an increase 1.7% compared with last year's target of Rp237 trillion.

"If you missed yesterday, is expected to be 100% this year," he said in Jakarta, the Big PajakWP kemarin.Kanwil DG has been the spearhead of the national security tax revenue because most of the deposits in national taxes collected come from the Regional Office of ini.Pada years This, the Regional Office of Directorate General of Taxation WP Large to secure tax revenue assigned to Rp241 trillion or 39.4% of national tax revenue target was carrying RpGll triliun.Kanwil supervises four tax offices (KPP), KPP is LTO (large tax office) I, LTO KPP II, KPP SOEs, and KPP HWI (high wealth individuals). "Regional Office of the others only Rp93 trillion, the highest target. So this is our purse national acceptance," he said.

In addition to the current economic conditions improve, luturnya, the process of revamping and restructuring of KPP HWI administratively in 2009 are expected to contribute greatly to last year's tax revenue 2010.Kalau KPP HWI that's just starting to be built, so that its orientation is still in the revamping and restructuring. So, not revenue oriented. There is a small contribution to its acceptance, but still, if not wrong Rpl60 billion, "jelasnya.Untuk this year, he added, since the process of revamping and restructuring has been completed, the Tax Office will focus on organizing HWI tax payment obligations of the rich OP WP." The focus in 2010, we will search revenue. All WP HWI registered in the Tax Office must comply with their tax payment obligations. "

According to him, bebagai effort will be done in securing tax revenue this year, including low enforcement action for the WP that bad. "For I have not been able to explain the details as it will dikordi-ii.iik.in in rakorda on Tuesday [today]," he said . KPP HWI was founded in April 2009 and operational by May 2009 as a continuation of the modernization of tax administration is being done Directorate General of Taxation. In particular KPP is inhabited by large individual WP 1200.

Meanwhile, the selection criteria WP Large Personal determined based on three categories which include, first, the criteria referred to employers who are entrepreneurs here is which holds shares of the company, controlling shareholder / founder and professional well saham.Kedua holders, who have a wealth of riches gross over USD 10 billion, has a wealth come from more than one type of property and wealth in the form of financial assets and properti.Ketiga, namely the income criteria in reporting income tax returns over the Rpl billion per year and the source of his income comes from wages earned outside (passive income ).

Posted on 10:53 PM / 0 komentar / Read More

Entered Local Taxes, Tax Ratio Could Reach 14%

The government said the tax ratio (tax ratio) in the next year could reach 14 percent of gross domestic product (GDP) if the tax revenue helped the inclusion of regional and natural resources.

However, according to Finance Minister Agus Martowardojo, the current government will not include local taxes into a central government tax revenue.

"In Indonesia, only count the tax ratio of tax revenues from the center, not memasuukan local tax revenues and revenues from natural resources. If it is inserted, can-we can tax ratio 14 percent," said Minister of Finance Agus Martowardojo

As is known, the government is targeting to increase tax ratio to 12 percent in 2011 from 11.9 percent in this year or increased tax revenue equivalent to Rp80 trillion. Thus, the government is targeting GDP in 2011 to Rp7.000 trillion from Rp6.000 trillion.

According to him, his party understands the desire of members of the Board that the government raise the tax ratio. Because it demonstrates the higher the tax ratio, it's good diindikasikansemakin state conditions. He mentioned that, in developed countries, the figure already reached in the tax ratio of 30 percent.

"But efforts to raise the tax ratio make it our priority, among others, with the program extensification and intesifikasi," he added.

He also added that now the government is giving incentives to the taxpayer, such as decrease in the Income Tax (Income Tax) the corporation to 25 percent from 30 percent.

"Imagine, when tax revenue from the big business entity, we are lowering its tax rate to 25 percent. That part we provide incentives so that taxpayers doing business in Indonesia,".

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Directorate General of Taxation Employees Convinced Place Abroad

The Directorate General (DG) is optimistic tax plan put on the tax staff overseas may soon be realized. The proof, Directorate General of Taxes has been educating 15 employees to tasks outside the country.

Director General Mochammad Tjiptardjo confess, training for employees in preparation for deployment overseas. In addition, he also has contacted several keuangna attache in several countries. "Later after the definitive, we will conduct in-house training programs in several states that,".

Unfortunately, Tjiptardjo can not ensure in any country that tax officials will be stationed. He was still discussing with the Ministry of Foreign Affairs. However, he said, there are some countries that become their target., "Perhaps Hong Kong, Singapore, and countries where Indonesian businessmen to invest abroad,".

Placement of employees, this foreign tax in an effort to optimize the Directorate General of Tax and tax revenue to prevent tax evasion by the taxpayer to foreign countries. In addition, power delivery also abroad in the framework of cooperation with intelligence from other countries, especially in probing cases involving taxation Indonesian citizen-owned companies abroad

Until now, the Ministry of Foreign Affairs has not given her blessing on the placement of that tax officials abroad. Earlier, Minister of Foreign Affairs Marty Natalegawa said the placement technical officials must consider the utility function and efficiency. Because, he says the cost of placing officers overseas are not small.

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Determination of Tax Ratio Could Not Instant

DGT asserted to raise the tax ratio in 2011 to 13% of the initial assumptions in the Budget in 2011 amounted to 12%, can not be directly done instantly. It dikatkaan Mochammad Tjiptardjo answering a parliamentary statement of employment tax rate is still minimal, so do not dare put a high tax ratio target. Because, every increase of 1% equal to Rp70 trillion budget increases.

"Take one percent of the Rp70 trillion lho. To be so if a target budget (taxes) does not meet the target will already programmed but how later? If we do not realized the program had been counted, and the budgeted deficit and no debt, what does not waver,".

Thus, a feasible budget that targets can be achieved. Even if there is a deficit, it can be covered with debt. But if forced with a high target then would be problematic. "So a feasible which can be achieved. If the debt can be a little less. If it can be enforced immediately collapse."

Currently, the Directorate General of Taxation was concentrated to reform tax administration. He stated, if the improvements are completed, the tax ratio target of 13% or more can be achieved, at least in 2014.

For the proposed increase in tax ratio for 2011, Tjiptardjo sure the House will understand the ability of the government related to tax ratio target of 12% in Budget 2011. "It's still not discussed by Parliament. First Parliament finally asked him 15-16 percent 11.9 percent. They understand it must be very careful. If people say we are a low tax ratio, it can not include local taxes, if combined it was 15 percent. Other countries local taxes are calculated and Natural Resources (Natural Resources) also, ".

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Directorate General of Tax Increase Taxpayer Compliance

Directorate General of Taxation expect tax compliance (WP) progressively increased from this time, as the construction of the project 'Smart' (Project for Indonesian Tax Administration Reform) which is targeted to be completed in 2014.

"We always hope that the WP increased compliance," said Director of Communications and Information Technology Transformation (TTKI) Directorate General of Taxation, Hario Damar in Building Tax DG, Jakarta, Friday (20 / 8).

'Smart' is part of a tax reform program vol II at the Tax Directorate of the body which funds are derived from World Bank loans worth U.S. $ 145 million, there was also assistance from JICA and the IPAC that their each form of grants.

Hario explain the development of 'Smart' already began to be implemented this year and scheduled for completion in 2014 which means that stretch from the previous target of target in 2012.

According to him, the primacy of 'Smart' is able to collect all information and data systems related to both corporate and individual taxpayer nationally, as well as analyzing taxpayer compliance. "There is the ability to analyze himself, sorting where WP is high risk and are not so efficient review process. If it's all done manually," he explained.

Thus, he continued, Directorate General of Taxation will be able to find non-compliance of the WP quickly and accurately. Through 'Smart', he added, the practices of data manipulation that involves the tax officials in the Regional Office level Directorate General of Tax and tax services office (KPP) may also be prevented.

Furthermore, Hario hope with the 'Smart' tax compliance will increase in the future, so that could boost state revenues.

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Opponent Hitting Through Tax

Tax affairs are true is the technical problem of the economy now really turned into a political affair. President Susilo Bambang Yudhoyono to twice raised this issue in his official statement. Tax affairs are used as tools to suppress anyone who is not in line with government policy.

In the front ranks of the police, President Susilo Bambang Yudhoyono ordered the police to investigate the company is delinquent taxes. The desire of the President could easily be interpreted as political pressure to those who he thought was his opponents, when in fact it is a true friend.

Daily intermittent theme of this tax return with the President also stated that the pressure is easy to be interpreted as a warning to government opponents who voiced critical in committee Century.

"I think the charge was politically inevitable," said researcher Indonesian Survey Institute (LSI) Muhtadi Burhanuddin. "Because this case has been started since 2007. After that experience the process of arising-drowning, and has increased the issue again, when the scandal erupted to the surface of Century Bank. "

Ahmad said the same thing Erani Yustika, an economist from UB. "Director General for political action to avoid tax. Tax Directorate is also wrong when he did because the tax investigation was told the Minister of Finance. If it's like that, do not you also Bener, "he continued.

In the beginning was the DGT Mochamad Tjiptardjo statement that mentions three Bakrie companies under the banner of tax arrears trillion rupiah. This public announcement a few days ago after his boss, the Minister of Finance Sri Mulyani, accused the owner of Bakrie Group Bakrie Century berusahaan dropped through the Special Committee by using the Golkar Party which he leads.

All was done Aburizal, such conspiracy theories are believed to be the truth, because of personal problems aka personal problems. Sri Mulyani has shifted the political problems that impersonal becomes personal problems. This is one of the main faults Sri Mulyani.

Sri Mulyani Indrawati said Aburizal not like him. I do not know where this dislike Aburizal, a definite accusation lightly Sri Mulyani was General Chairman of Golkar's answered with a slightly joking way: "We both are married. She had a husband, I have a wife, so it should not like each other. "

Above sequence of events, ranging from Sri Mulyani statement Aburizal dislike about him, and then the announcement of the tax arrears of three companies within the Bakrie Group, and continued by President Susilo Bambang Yudhoyono ordered the ranks of the Police to enforce the law in the field of taxation, no doubt a very strong sense political.

No need to really know the political problems to be understood that all counter-attack to Golkar and its chairman must be politically charged. Admittedly, the Golkar Party faction strikes insistently toward Sri Mulyani about his role in saving the Century Bank is considered incompetent and detrimental to the financial state governments to make the supporters were wondering why the party that became one of the supporters of this coalition do all that.

In the view of government supporters, members of the coalition of good will not do much less blamed criticism of government policy. All members of the coalition who did this should be categorized as an opponent who attacked back, if need be sacked from the coalition.

But this paradigm does not seem to be used by Golkar. Aburizal very well understand that the coalition is critical if the government did was wrong and supports if true.

This is what he calls ethical coalition. Golkar would put myself as a true friend, where the errors should be disclosed and not otherwise maalah hidden, where it will actually destroy friends.

So, it is wrong if the supporters of the government, say the Democratic Party and the President himself if put Golkar as an opponent who must be destroyed through the disclosure of business affairs chairman.

Aburizal not afraid of pressure addressed with him. "Golkar will not change his attitude about the case of Century Bank, simply because there is pressure. Because the tax issue has nothing to do with Golkar. I never say die attitude despite being shot Golkar party has not changed, "

Arrears allegations relating to taxes, Aburizal ensure the company had to pay taxes in accordance with law. If one considers the Tax Directorate on the contrary, let the court decide the truth

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