Analysis of the Implementation of Voluntary Assets Disclosure with Final Rates (VAD-FR) Policy in Indonesia

Ayun Fitri Hastuti, Dr. Isharyanto, S.H, M.Hum and Prof. Dr. I Gusti Ayu Ketut Rachmi Handayani, S.H., M.m
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Ayun Fitri Hastuti: Sebelas Maret University, Surakarta, Indonesia
Dr. Isharyanto, S.H, M.Hum: Sebelas Maret University, Surakarta, Indonesia
Prof. Dr. I Gusti Ayu Ketut Rachmi Handayani, S.H., M.m: Sebelas Maret University, Surakarta, Indonesia

International Journal of Research and Innovation in Social Science, 2019, vol. 3, issue 1, 142-147

Abstract: This study discusses the Voluntary Assets Disclosure with Final Rates Policy imposed after the Tax Amnesty (TA) policy in Indonesia. The community considers this policy to be the second Tax Amnesty volume, but this policy further addresses the restorative aspects and aims to provide taxpayers with the opportunity to carry out tax payments before the tax team checks them. This study uses a literature study that is sourced from the Government Regulations and applicable Minister of Finance Regulations. The results of the study show that one of the objectives of the TA program that has passed is to anticipate the increasingly open information on Indonesia’s economic transactions, so that there is a need for special programs to improve tax compliance. Minister of Finance Regulation Number 165 / PMK.03 / 2016 still provides incentives and return opportunities to improve the level of tax compliance for taxpayers. To anticipate this, it is recommended that all taxpayers, both those who have joined the Tax Amnesty and those who do not, still have hidden assets to immediately utilize the VAD-FR procedure because this program has no time period. The low level interest of people who follow this policy has made the Ministry of Finance, especially the Tax Directorate, provide incentives and intensify socialization of the VAD-FR policy.

Date: 2019
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