REPUBLIKA.CO.ID, JAKARTA - Enterpreneurs of small and medium enterprises (SMEs) with income less than 4.8 billion IDR in a year must pay one percent of income tax starts in July. The new regulation will enable the state to gain 30 percent of gross domestic product (GDP).

"This regulation doesn't apply to SMEs using knock and down system on their facilties or tax payers who use public facilities for their business like street vendors.  

Tax base used to calculate the final income tax is monthly turnover. Every month, the taxpayer will pay the final income tax based on final  one percent of the monthly turnover.

An expert in taxation from University of Indonesia, Gunadi said that potential tax of SMEs is quite large. Currently, SMEs reached 50 million company. If half of it had developed into companies.

The ne tax it was expected to give additional corporate taxpayers about 20 million people. Economic potential can increase up to 30 percent of GDP or 2,500 trillion IDR.

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