Jakarta, hitclubapk3 Indonesia
—
Minister of Finance (Minister of Finance)
Purbaya Yudhi Sadewa
refused to give
tax incentives
for corporate actions of State-Owned Enterprises (
BUMN
), such as mergers to consolidation.
“We probably won’t give tax incentives for corporate actions,” said Purbaya at the press conference for our APBN at the Ministry of Finance, Central Jakarta, Thursday (18/12).
“Previously there was a discussion, it turns out that at that time Danantara had a bit of a commercial side to it. So, we will only assess it according to commercial conditions,” he continued when explaining the reasons for the rejection.
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The plan to provide tax incentives initially emerged from Purbaya’s mouth.According to him, this point was one of the discussions with Danantara CEO Rosan Roeslani when he visited the Ministry of Finance Office on Wednesday (3/12).
At that time, the State Treasurer opened up space to provide special regulations regarding taxation in BUMN corporate actions.
Purbaya’s subordinates even held a meeting with Danantara on Friday (5/12) to discuss the opportunity to provide this special treatment.
However, the Director General of Taxes, Bimo Wijayanto, emphasized at that time that the plan was not final.
Director General of Economic and Fiscal Strategy at the Ministry of Finance, Febrio Kacaribu, then clarified.According to him, there is no special tax treatment for BUMN under the auspices of Danantara.
“What they need for BUMN corporate action is to make things easier when they carry out mergers, especially, this is consolidation so that it can be created
extra value added
when they consolidate.”However, then they often come face to face with the book value vs market value of their assets when they consolidate,” explained Febrio.
After consolidation, the company can benefit from increased asset value (
capital gains
).
“With capital gains, which have capital gains tax, that often becomes an obstacle for them,” he said.
Febrio emphasized that there is already a finance minister’s regulation that allows the use of book value as a reference for capital gains tax.According to him, this treatment is not called an incentive.
“This is to ensure they continue to pay taxes accordingly
capital gains
that, we only provide arrangements so that it is not paid immediately in one year, on that one day, so that we
spreads
in accordance with future depreciation,” he explained.
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(skt/sfr)
