Pajak Minimum Global akan Diterapkan di Indonesia: Persiapkan dari Sekarang!

Summary

The video discusses Indonesia's upcoming implementation of the Global Minimum Tax starting in 2024, a crucial initiative supported by the OECD and G20. It mandates multinational companies with revenues exceeding €750 million to pay a minimum effective tax rate of 15%. The transcript explains key components such as the Income Inclusion Rule (IIR), which allows for taxing the difference if local rates fall below the minimum, and the Under Tax Payment Rule (UTPR), which disallows deductions for low-tax jurisdiction payments. The Indonesian government is preparing for these changes while highlighting the voluntary nature of participation.

Takeaways

• 🌍 The Indonesian government plans to implement a global minimum tax (GMT) in 2024, targeting multinational companies with revenues over €750 million.
• 📜 The GMT is part of the OECD and G20's two-pillar solution aimed at modernizing international tax rules for digital businesses.
• 💰 The global minimum tax requires affected companies to pay a minimum effective tax rate of 15%, preventing profit shifting to low-tax jurisdictions.
• 🔍 The income inclusion rule (IIR) allows countries to tax profits of companies based in jurisdictions with effective rates below the minimum.
• 🚫 The under-tax payment rule (UTPR) disallows deductions for payments made to affiliates in countries with low effective tax rates.
• ⚖️ A common definition of effective tax rates is essential to ensure fairness and prevent tax avoidance practices among multinational companies.
• 📈 The implementation of the GMT is intended to stabilize international tax systems and avoid a 'race to the bottom' in corporate tax rates.
• 📝 Indonesia's tax directorate has committed to developing the necessary regulations to support the GMT framework.
• 🌐 Countries not adopting the GMT may lose access to international markets and benefits related to tax information exchange.
• 🤔 Stakeholders are encouraged to discuss the potential benefits and challenges of the GMT for Indonesia's tax landscape.

Q & A

What is the Global Minimum Tax (GMT) and when will it be implemented in Indonesia?

The Global Minimum Tax is a regulation that requires multinational corporations with revenues over €750 million to pay a minimum effective tax rate of 15%. It will be implemented in Indonesia starting in 2024.

What are the Income Inclusion Rule (IIR) and the Undertax Payment Rule (UTPR)?

The Income Inclusion Rule (IIR) mandates that if a corporation pays an effective tax rate lower than 15% in a host country, the home country can impose a top-up tax to meet the minimum rate. The Undertax Payment Rule (UTPR) disallows deductions for payments made to affiliates in low-tax jurisdictions.

Why was the Global Minimum Tax introduced?

The Global Minimum Tax was introduced to prevent profit shifting and base erosion by ensuring that multinational corporations pay a minimum level of tax, thereby addressing tax avoidance strategies that exploit lower tax jurisdictions.

How does the GMT impact the taxation of multinational corporations?

The GMT requires multinational corporations to pay at least 15% tax on their earnings, even if they operate in countries with lower tax rates. This reduces the incentive for profit shifting to low-tax jurisdictions.

What is the significance of the €750 million revenue threshold for the GMT?

The €750 million revenue threshold means that only large multinational corporations are subject to the Global Minimum Tax, focusing regulatory efforts on entities that have significant global operations and potentially large tax liabilities.

How will Indonesia ensure compliance with the GMT?

Indonesia will implement the GMT through existing tax regulations and prepare specific rules to enforce the Income Inclusion Rule and the Qualified Domestic Minimum Top-Up Tax, ensuring compliance with international standards.

What are the potential consequences for countries that do not implement the GMT?

Countries that do not implement the GMT may not face penalties but could lose access to market benefits and opportunities for tax information exchange, impacting their attractiveness to multinational corporations.

How does the GMT relate to the OECD's two-pillar solution?

The GMT is part of the OECD's two-pillar solution aimed at addressing the tax challenges posed by the digital economy. The second pillar focuses specifically on implementing a global minimum tax to combat tax avoidance.

What are the challenges Indonesia may face in implementing the GMT?

Indonesia may face challenges such as ensuring the availability of appropriate regulations, assessing the impact of global economic conditions, and aligning its tax policies with international standards.

How does the concept of effective tax rate differ from nominal tax rate in the context of the GMT?

The effective tax rate reflects the actual tax burden after deductions and credits, which can be lower than the nominal tax rate. The GMT focuses on the effective tax rate to ensure that companies do not exploit loopholes to pay less than the minimum required tax.