Tariff, Trade War and the implication of Indonesian Economic

Tariff, Trade War and the implication of Indonesian Economic


Since The United States announces that will fine tariff to many Countries, not exception Indonesia, it will affect our economic condition,

For Indonesia is 32%, soon we can see that Domestic Stock IHSG fall, Rupiah deppreciated, and Companies reduce their employees,

But Government has said that, our fundamental economy is strong, economic growth, and we will make a tariff deal in the future,

It sounds good that the US has delays 90 days to implement Tariff except to China, but we can learn for this so that we can prepared to any conditions like that,

Essentially the tariff is tax, that consumers will take, prices of goods will more higher, and fear of ressesion, because economic will slow down,

Our leaders specifically at Directorate General of Taxation has give guidances to 42 thousand workers how to work along with the rule of The Tax Law,

First, any functions of the institution, must concern with State’s Revenue, that year to year is higher and higher,

From educating the people, servicing their rights and tax duties, supervising their rights and duties, and the last are penalties,

Second, about the new Aplication, Coretax, it must be ran since January 2025, that will give ease and simple ways to Tax Payer, as a new Application, it needs habitualization, and familiar first before used, internal for employees side and for Tax Payer side,

There are some problems but majority were solved, through we call “Melati” if technical problems or “DJP Forum” if we want to discuss it with DJP friends all around Indonesia, and often we discuss at internal Institusion Forum before we escalate it to Regional Office and Head Office,

Third, about human resources, cover many aspects, mutasion, promotion, increasing competencies with trainings, courses, technical assistance and scholarship, 

Old quote “the man behind the gun” and “the right man on the right place” still relevant, 

Despite our internal preparations and plants so real actions, we live in internal and external community, Government efficiency’s policies, reduce budget that not so important, make institusions implement priorities activities, which one must do first,

With existing institusion’s resources we must reach our target in the end of this year, to fund the government activities,

World Bank said that middle and below businesses must tax more proportional, so many potentials sources can get to increase State’ revenues, majority of our people businesses in it, after that are big or large companies, 

World Bank also said, underground economy, we try to make it clear are any economic activities that Government not 100 % reach yet, for example Crypto Currencies, Tax Heaven Countries, Transfer Pricing, The Government has ruled the kinds of activities but need more intense,

Another External influences are the prices of commodities such are, Palm Oil, Coal, Crude Oil and other Agriculture Products, we have nickels too, that one of the biggest stock of the world,

If we look at Tax Ratio, we still have a chance to increase it because if we appealing with countries in South East Asia like Singapore, we still lower,

But we have resources, we have human resources, the challenges are science and technology we must grasp, and external influences we can not controlled,

With Demographic Bonus, and other resources we believe can survive with many challenges, some sources said Indonesia will become one of economic world power in the future, after China, India, and US,

As a conclutions there are many ways to do now and in the future :

1. We must concern with State’s Revenue, the target is higher and higher, year to year, despite many challenges, we must search and analyze potensial sources for taxation, sure along with the rule of Tax Law, prepare, plant and real action to reach target,

2. Coretax Application will be perfected day by day, week by week, to machted with Tax Payer needs, to make Tax Payer ease and simple ways doing their rights and duties, so contributions to State will increase following increasing the target,

3. Increasing employee competencies, with trainings, courses, technical assistance and scholarships, clear mutation and promotion, and good hiring new employees, well condition for employees to growth, self development, to be values assets of institution and last but not least condusive environment to coordinate due to Institution’s target.

Disclaimer

Artikel ini merupakan opini pribadi penulis, bukan pandangan resmi Kementerian Keuangan RI. Informasi telah diverifikasi, namun platform tidak bertanggung jawab atas keakuratan atau kelengkapannya. Pembaca disarankan melakukan verifikasi mandiri.