Finance minister promises tax refunds for eligible businesses
Business association Apindo has pointed to delayed tax refunds potentially impacting cash flow and liquidity to affect companies' wider operations.
Finance Minister Suahasil Nazara has pledged tax refunds to eligible businesses, addressing concerns over delayed refunds potentially disrupting cash flow and liquidity. Apindo, a business association, has highlighted the impact of these delays on companies' operations and expansion plans. Upon assuming office, Nazara assured businesses that they would receive refunds for any overpaid taxes, provided they were legally entitled to them.
He emphasized that the Directorate General of Taxes (DJP) was processing refunds according to existing rules while the ministry urged businesses to comply with related regulations. Nazara instructed tax director general Bimo Wijayanto to enhance the management of tax refunds and improve communication with businesses regarding applicable procedures.
He stressed that the DJP is adhering to provisions but requested compliance from all economic actors to ensure refunds are utilized correctly. Apindo's chairwoman, Shinta Widjaja Kamdani, expressed that the tighter refund policy implemented under the previous Finance Minister, Purbaya Yudhi Sadewa, created difficulties for companies in managing operations and planning expansion.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
