Tax Office Expects Corporate Tax Returns by Friday
Jakarta. The Directorate General of Taxes at the Ministry of Finance said it expects small and medium-sized enterprises to submit their annual paper-based tax returns no later than Friday (28/04).
By law, corporate taxpayers must submit their returns by April 30, which means companies who miss Friday's deadline will be forced to file their annual returns digitally over the weekend.
Companies that fail to submit either paper-based or electronic returns on time will have to pay a fine of Rp 1 million ($75). Those that fail to submit returns altogether will be forced to pay fines three times greater than their original fees.
Paper-based returns must be filed with the tax office no later than 4 p.m. on Friday.
"We will not extend the existing deadlines for tax return submissions," Hestu Yoga Saksama said, the director of counseling, service and public relations at the Directorate General of Taxes.
There are currently 36 million registered corporate and individual taxpayers in the country, though the tax office expects only 17 million of them to file returns this year.
As of Tuesday, 10.9 million taxpayers have submitted their returns, comprising 10.6 million individual and 322,430 corporate taxpayers. Nearly 80 percent, or 8.7 million taxpayers, submitted their tax returns online, data from the tax office showed.
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