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

International Journal of Research and Innovation in Social Science (IJRISS) | Volume III, Issue I, January 2019 | ISSN 2454–6186

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, Prof. Dr. I Gusti Ayu Ketut Rachmi Handayani, S.H., M.M

Sebelas Maret University, Surakarta, Indonesia

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

Keywords: Tax, Tax Amnesty, VAD-FR Policy

I. INTRODUCTION

The implementation of government by the state to realize the goals of the state creates rights and obligations that need to be managed in a system of state financial management. Every year the government prepares the State Budget which functions as a financial policy in obtaining and issuing money used to run the government. This budget shows the amount of income and expenditure anticipated in the following year. The most important element of income is derived from taxes.

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