Details

  • Service: Tax
  • Industry: Financial Services, Industrial Markets, Consumer Markets
  • Type: Publication series, Regulatory update
  • Date: 1/18/2016

TNF January 2016 : KPMG Indonesia update on the new Electronic Tax Payment System 

Tax payments after 30 June 2016 must be made using the new Electronic Tax Payment System. This News Flash provides highlights regarding the new system.

The Directorate General of Tax has envisioned a new electronic tax payment system since 2011 with the issuance of Regulation No. PER-47/PJ/2011. The plan has recently come into fruition with the new MPN-G2 electronic billing system, effective as of 1 January 2016.

 

As with other new programs, this one is not without any teething problems. Taxpayers need to be aware of this new system with its advantages and disadvantages, in order to ensure that they can continue making timely tax payments.