Search results
Results From The WOW.Com Content Network
Indonesian Taxation law provides the following definitions to clarify whom exactly is obligated to pay tax: Individuals or statutory bodies which meet relevant criteria stipulated, including certain tax collectors or withholders. Statutory bodies are defined by Indonesian Taxation Law as groups of persons and/or capital which constitutes a unit.
In order to coordinate the implementation of taxation regulation in regional level, Inspectorate of Regional Tax was established, namely in Jakarta and some areas such as Sumatra, Java, Kalimantan, and East Indonesia. Inspectorate of Regional Tax later became the Regional Directorate of Taxation (Regional Office) as it is today.
Law of Indonesia is based on a civil law system, intermixed with local customary law and Dutch law. Before European presence and colonization began in the sixteenth century, indigenous kingdoms ruled the archipelago independently with their own custom laws, known as adat (unwritten, traditional rules still observed in the Indonesian society). [ 1 ]
After several tax amnesties program launched in 1964, 1984 and 2008, Indonesia has applied another tax amnesty in 2016. After 3 consecutive 3 months periods in 2016 and 2017, ended on March 31, 2017, repatriation commitment was Rp 146.6 trillion but the realization was Rp 128.3 trillion or about $9.61 billion.
The United States has treaties with 56 countries (as of February 2007). Tax treaties tend not to exist, or to be of limited application, when either party regards the other as a tax haven. There are a number of model tax treaties published by various national and international bodies, such as the United Nations and the OECD. [210]
For example, US tax law requires individuals to reduce the foreign income tax by the ratio of the rate differential on dividends (39.6% less 20%) to the maximum individual tax rate (39.6%). [59] Some countries have at times allowed shareholders a credit against the shareholder's tax for taxes paid by the corporations. [ 60 ]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
A comedic representation by Clifford K. Berryman of the debate to introduce a sales tax in the United States in 1933 and end the income tax Following World War II tax increases, top marginal individual tax rates stayed near or above 90%, and the effective tax rate at 70% for the highest incomes (few paid the top rate), until 1964 when the top ...