ID :
96061
Mon, 12/21/2009 - 09:18
Auther :
Shortlink :
https://www.oananews.org//node/96061
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SHARIA FINANCING SERVICES EXEMPTED FROM VAT
Jakarta, Dec 20 (ANTARA) - Sharia-based financing services are among those exempted from value added tax under Law No. 42 of 2009 on value added tax and luxury sales tax, an official said.
"The law accommodates all economic developments, including those in the field of sharia economy," the head of the taxation regulation directorate at the directorate general of taxation, Estu Yoga Saksama, said on Saturday.
Yoga said many substantial changes had been made during deliberations on amendment to the law on value added tax and luxury sales tax.
"The amendment is made after the law is not revised for nine years since 2000," he said.
The old law did not specifically govern sharia-based financing services and therefore, there had been often disputes between the directorate general of taxation and taxpayers, he said.
"The new law gives legal certainty to sharia economic players," he said.
Under the law, 17 types of services are exempted from value added tax, including health services, social services, religious services, financial services, insurance services, non-advertisement braodcast, and domestic land, water and air transport services which are an integral part of foreign air transport services.
The inclusion of sharia financing services in the list of services exempted from value added tax was an input from sharia economic players, taxation observer Dani Supriyadi said.
"Given the new law, there will be no longer disputes between the directorate general of taxation and sharia economic players," he said.***2***
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"The law accommodates all economic developments, including those in the field of sharia economy," the head of the taxation regulation directorate at the directorate general of taxation, Estu Yoga Saksama, said on Saturday.
Yoga said many substantial changes had been made during deliberations on amendment to the law on value added tax and luxury sales tax.
"The amendment is made after the law is not revised for nine years since 2000," he said.
The old law did not specifically govern sharia-based financing services and therefore, there had been often disputes between the directorate general of taxation and taxpayers, he said.
"The new law gives legal certainty to sharia economic players," he said.
Under the law, 17 types of services are exempted from value added tax, including health services, social services, religious services, financial services, insurance services, non-advertisement braodcast, and domestic land, water and air transport services which are an integral part of foreign air transport services.
The inclusion of sharia financing services in the list of services exempted from value added tax was an input from sharia economic players, taxation observer Dani Supriyadi said.
"Given the new law, there will be no longer disputes between the directorate general of taxation and sharia economic players," he said.***2***
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