Examples of groceries at Shopee that are subject to 10% tax

Jakarta

The Directorate General of Taxes (DJP) of the Ministry of Finance ensures that every product purchased by the public at Shopee will be subject to a value added tax (VAT) of 10%. The policy will take effect on October 1, 2020, aka next month.

Hestu Yoga Saksama, Director of Counseling, Services and Public Relations, said that the VAT that Shopee will report is taxes derived from digital products, both foreign goods and services.

“The goods or services that Shopee will collect VAT are foreign digital goods and services (digital products) or those from abroad,” said Hestu to detikcom, Saturday (12/9/2020).

“These are digital products owned and sold by digital companies from abroad through Shopee,” he added.

Until now, the national tax authorities have appointed 28 digital-based international companies as compulsory levies (wapu). The entire international digital company is divided into three waves.

The determination of this international digital company is also based on the Minister of Finance Regulation (PMK) Number 48 of 2020 which is a derivative rule of Perppu Number 1 of 2020.

“So for the sale of tangible or non-digital goods, and digital products originating from within the country, Shopee will not collect VAT, in the context of appointing Shopee as a VAT collector for these foreign digital products,” said Hestu.

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Take note! The following transactions are subject to stamp duty of IDR 10,000 starting January 1, 2021

Director of Counseling, Services and Public Relations of the Directorate General of Taxes Hestu Yoga Saksama said that the imposition of stamp duty is not limited to electronic or digital documents, but for every online transaction whose value is above Rp. 5 million. Later, the payment of stamp duty will be included in the receipt.

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These are Trump’s new election promises

WITHMillions of new jobs, lower taxes, independence from China: the American President Donald Trump has one during the Republican Convention List of “core priorities” publish for a second term. It essentially includes economic policy goals, the fight against the coronavirus pandemic and other measures against China.

Trumps also promises to better equip the American police, for example, to bring American troops back to the United States or to induce other countries to increase defense spending. In addition, the United States should be at the forefront when it comes to establishing the new cellular standard 5G go, establish a permanent human presence on the moon and launch the first manned mission to the planet Mars.

The first specific item on the program is “ten million new jobs in 10 months”, the second “one million new small businesses” and the third lower taxes. Without giving details, it also lists the goal of providing tax incentives for goods made in America.

To the priorities concerning the labor market, Trump’s campaign team has ranked a number of goals in the fight against Corona: A vaccine should be available by the end of the year, the “return to normal” will begin next year.

There is also a separate section in which Trump explains that and how he wants to decouple the United States from China. Trump wants to “bring back” a million industrial jobs from China to America. Companies that relocate production from China to the United States will receive tax relief. On the other hand, companies that outsource production to China should no longer receive public contracts.

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How Trump wants to achieve the listed goals, how extensive he wants to reduce taxes, for example, and how this is financed is not included in the list. There is also no information on the financing of the other points.

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The blurry reality of Jokowi’s fear of sticky purchasing power

Jakarta, CNN Indonesia –

President Joko Widodo (Jokowi) gives a signal that the purchasing power of the Indonesian people is stuck, aka reaching the maximum point for consumption due to the pressure from the pandemic corona virus or covid-19. This is reflected in the realization of revenue tax which the state managed to collect up to last July.

“This is information to all of you, the tax revenue in July will start stuck again, not like this (demonstrating an ascending curve) but like this again (a straight curve). This shows that people’s purchasing power is stuck again, “said Jokowi, Monday (24/8).

Meanwhile, data from the Ministry of Finance shows that the realization of new tax revenues reached Rp. 711 trillion or 50.62 percent of the target of Rp1,404.5 trillion as of July 2020. When compared to July 2019 which had reached Rp. 810.7 trillion, the revenue was minus 12, 29 percent.

Meanwhile, the tax revenue only reached Rp. 608.1 trillion per month ago. Realization contracted 14.7 percent from IDR 705.6 trillion in the same period the previous year.

Finance Minister Sri Mulyani Indrawati said Value Added Tax (PPN) revenue contracted 12 percent. Likewise with income tax (PPh).

“We do feel that the pressure on tax revenue is extremely hard, especially for PPh 21 after July. There are many who have experienced pressure as well as VAT,” Sri Mulyani explained.

Indonesian Center of Reform on Economics (CORE) economist Yusuf Rendy Manilet said Jokowi’s signal of stuck purchasing power is actually a sign that the domestic economy will experience a recession in the third quarter of this year. A recession is a condition when a country experiences negative growth in two consecutive quarters.

[Gambas:Video CNN]

Currently, Indonesia has once swallowed negative economic growth, namely minus 5.32 percent in the second quarter of 2020. Yusuf said now Jokowi seems to want to signal that a recession will be experienced by Indonesia, given through a statement of stuck purchasing power.

Moreover, Sri Mulyani’s tax revenue data also confirms the depth of contraction in the state income account. This indicates the minimum consumption of both the public and the business world.

“The signs (of a recession) are already visible. There is a chance for growth (in the third quarter) not too far from the minus 5.32 percent in the second quarter,” Yusuf told CNNIndonesia.com, Monday (24/8).

He explained that this signal of stuck people’s purchasing power is very likely to lead to a recession because Indonesia is a country with an economic structure that depends on household consumption. To spur consumption, of course, people must have a good level of purchasing power.

But in fact, economic pressure in the midst of the corona virus pandemic or covid-19 has caused many people to have reduced income, especially small business actors in informal work such as street vendors to other daily jobs.

In fact, not a few of them lost their jobs, either because of layoffs or being laid off. The latest data from the Ministry of Manpower recorded that there were 2.1 million workers who lost their jobs during the corona pandemic.

On the other hand, he continued, the level of people’s purchasing power was not sufficiently maintained due to the provision of stimulus from the government. The realization of the budget for handling the impact of the Covid-19 pandemic and the government’s National Economic Recovery (PEN) program has been running slowly.

It was recorded that the realization had only reached IDR 174.79 trillion as of August 19, 2020. This amount is equivalent to 25.1 percent of the total budget ceiling of IDR 695.2 trillion.

“Ideally, if the September target is 100 percent, at least in August it should be 30-50 percent, but this is still below. Various efforts have been made, including the form of a Task Force, but in fact there has been no impact,” he said.

Meanwhile, growth from other indicators, such as exports and investment, was also minimal for the national economy. From exports, Indonesia’s trade balance indeed recorded a surplus of US $ 3.26 billion in July 2020.

This indicates that the value of exports is much higher than imports. However, what actually happened was not merely that there were high export opportunities in the midst of a pandemic.

However, this condition occurred because imports fell sharply due to low domestic demand.

It was recorded that Indonesia’s exports were US $ 90.12 billion in January-July 2020, down 6.21 percent from US $ 96 billion in January-July 2019. Meanwhile, the import realization was US $ 81.37 billion or contracted 17.17 percent from US $ 98 billion in the period the same one.

Meanwhile, investment was recorded at around Rp. 402.6 trillion in the first semester of 2020. The amount reached 49.3 percent of the revised investment target to Rp. 817.2 trillion this year.

“So even though there is an opportunity to improve in the third quarter, the chances are marginal, a little thin, the possibility of negative growth is not as deep as before,” he said.

Yusuf also projects that Indonesia’s economic growth will be minus 2 percent to minus 4 percent in the third quarter of 2020. From this condition, Yusuf said that the government must work harder to accelerate the realization of the budget for handling the impact of the Covid-19 pandemic and PEN.

The goal is so that people’s purchasing power does not fall deeper. In addition, we must find ways to keep exports and investment excited amidst the economic pressures that hit all countries in the world.

Likewise, Economist and Executive Director of the Institute for Development of Economics and Finance (Indef) Tauhid Ahmad also saw the signs of a recession getting clearer. The projection is that the national economy will contract by minus 1.3 percent to minus 1.7 percent in July-September 2020.

“Because it has been more than six months since the pandemic has not been completed and the realization of PEN is low, it automatically enters a recession,” said Tauhid.

Tauhid said that if you want the Indonesian economy to be at least positive even at zero percent, then the realization of the budget for handling the impact of Covid-19 and PEN must be at least 50 percent by the end of September 2020. Unfortunately, even though Jokowi has formed a Task Force for Handling Covid-19 and PEN in the last month, however, budget realization is still around 25 percent in August 2020.

“Previously the scenario was that (the realization of PEN) was above 50 percent, it could be positive in the third quarter, but because it is low, especially since the pandemic has worsened, who would dare to do economic activity?” he said.

Furthermore, he said the main signal of Indonesia’s recession in the third quarter of 2020 could also be further validated by the announcement of the August inflation rate on September 1. If inflation is low or even deflationary again, then a recession will be even more unavoidable.

“Even if there is deflation again, it is clear that the purchasing power will not move. Low inflation is below the average, this is a sign of a recess period, so the indicator before a recession is inflation,” he explained.

In fact, Tauhid is worried that Indonesia’s economic contraction will also be swallowed up until the fourth quarter of 2020. “With the pandemic situation that is still high, the budget is low, yes in the fourth quarter it is rather difficult to move to be positive, even though there are improvements, but it will not be like the fourth quarter of 2019, “he concluded.

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Great strike averted – solution almost one day of overtime

The case is being updated.

Thus, there will be no major strike.

Norsk Industri has accepted the proposal from the Ombudsman, while Fellesforbundet has recommended the proposal to be sent to a referendum among the members.

28,000 industrial workers were in danger of being taken out on strike, but after negotiating almost 23 hours of overtime, the parties in the front line agreed on Friday.

– Then I can announce that we have come to a solution in this year’s front subject, said national mediator Mats Wilhelm Ruland when the parties finally met the press at 22.45 on Friday night.

Real wage growth

The parties have arrived at a financial framework for this year’s settlement which gives a wage increase of 1.7 per cent. With an estimated price increase of 1.4 per cent, this gives a real wage increase of 0.3 per cent.

Among the other breakthroughs for the employee side is a general supplement of 50 øre per hour, the minimum wage rates are increased, and that negotiations are to take place locally where there is room for it.

Jørn Eggum in Fellesforbundet says the negotiations have been demanding, and the solution is balanced.

– This is a settlement that Fellesforbundet sends out to its members with a recommendation to vote yes in the referendum, Eggum says.

Norwegian Industry: Elements will be discussed

The parties who have negotiated now constitute the so-called front subject. What they come up with is usually a guide for the wage settlement in other sectors.

Stein Lier-Hansen in Norsk Industri also describes the negotiations as demanding after the record-breaking negotiation of overtime.

– We have reached the finish line in a fairly good way, but there are obviously elements in the settlement that will certainly be discussed, says Lier-Hansen.

For Norwegian Industry, it has been important to point out that there are great differences in the business community.

– Very many struggle with low liquidity. Therefore, it was important to get a very low general tariff supplement. It was 50 øre, says Stein Lier-Hansen in Norsk Industri.

Minimum wage increase

The employee organization Parat is pleased to have received a general supplement for everyone and that the minimum wage rates have been increased by between NOK 7.50 and NOK 8.50. There is also agreement on more predictable working time arrangements for employees in the offshore industry.

– We have avoided strikes and received concessions from the employer side. Considering the Korona situation, we are satisfied with the result of the settlement, where we help to ensure Norwegian workers a stable purchasing power, says Aune.

The result provides increased security for both income and work, LO writes in a press release.

– I would like to congratulate Fellesforbundet on a good result, which both strengthens the members’ purchasing power and provides increased security for jobs and employment, says LO leader Hans-Christian Gabrielsen in a comment on the agreement in the settlement.

Facts about the frontline settlement 2020

* The financial framework for the agreement is a wage increase of 1.7 percent. With an estimated price increase of 1.4 per cent, this gives a real wage increase of 0.3 per cent.

* With effect from 1 April, a general supplement of NOK 0.50 per hour is given to everyone

* The minimum wage rates are raised by between NOK 7.50 and NOK 8.50

* The low-paid in the Teko industry, who make clothes and shoes, are given a historic boost with an extra supplement of NOK 1.50 per hour with effect from 1 April and a sharp boost in the seniority ladder

* The collective agreement’s rates (shift allowance, etc.) are raised by 6.3 per cent.

Sources: Fellesforbundet, Riksmekleren, VG

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The World Has Been Upside Down So As Not To Forget To Pay Vehicle Taxes May 6 Months Before Due And Get Big Discounts Anyway

MOTOR Plus-online.com – The world has turned upside down so you don’t forget to pay tax vehicle can be 6 months before maturity and can discount big too.

Pay tax motor vehicle (PKB) used to be prohibited earlier due to compulsory reasons tax don’t pay arbitrarily now instead you get discount.

If you pay arbitrarily the queue at Samsat will be longer.

Finally, certain areas are set 3 weeks before the new due date tax.

Also Read: Do not be surprised suddenly that your motorbike has to pay taxes up to millions of rupiah, apparently this is the explanation

Also Read: Steady, exempt vehicle tax arrears, but there are conditions

But now pay tax earlier allowed and can discount big too.

The world has turned upside down bro.

This was carried out by the Regional Revenue Agency (Bapenda) of West Java Province to stimulate in the midst of the corona virus pandemic aka Covid-19.

Reporting from Kompas.com, pay tax vehicle can discount up to 10 percent.

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in first place Reggio Calabria

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“Off the fees? You have to tackle that big ‘

In order to get rid of the allowances, D66 not only wants to drastically change the tax system, but also make childcare free, increase the minimum wage, increase the social assistance benefit and the AOW and abolish the mortgage interest deduction. Member of Parliament Steven van Weyenberg thinks that major interventions are needed to abolish the benefits without people with lower and middle incomes falling back. And to make work pay for those groups more. “You have to do this big.”

The fact that the allowances are a major problem is recognized by the Cabinet and the House of Representatives: the care, rental and childcare allowance too often lead to financial problems for households. A motion to investigate whether the allowance system could disappear was supported by all 150 MPs at the end of 2019. D66 Secretary of State Menno Snel had to resign at the end of 2019 because of the affair around the childcare allowance, in which many thousands of families were wrongly labeled as fraudulent due to an overly rigid investigation policy of the Tax and Customs Administration. MPs Pieter Omtzigt (CDA) and Renske Leijten (SP) played a major role in putting the abuses on the political agenda. Van Weyenberg acknowledges that it took too long for the magnitude of the errors to be realized. “The problem is bigger than just the very serious surcharge affair. The system doesn’t work. ”

Van Weyenberg is submitting an initiative note to the House of Representatives on Monday on behalf of his group. A Member of Parliament can make proposals with such a note and ask the cabinet for a response. Van Weyenberg hopes to enter into discussions with scientists and political parties in the Chamber before the elections in March 2021. “Otherwise, we will soon conclude with the formation of a new cabinet that it is too complicated to abolish the surcharges. And do we not help those hundreds of thousands of people who are now broken in the allowance system? We don’t have that luxury. ”

Van Weyenberg had his plan calculated by the Central Planning Board. This warns that the plan is so comprehensive that its economic effects are highly uncertain. In general, households are improving, with the exception of the highest incomes. They are deteriorating. But the differences are large, also within income groups: from a plus of more than 10 percent to a minus of more than 6 percent.

Redeemable tax credit

The core of the plan is that every household receives a ‘redeemable tax credit’ from the tax authorities. For people with a high income it is deducted from the tax. People with a low income are actually paid that discount. D66 does not want to make the discount dependent on what people earn, but on whether they live together or have children. This would amount to EUR 2,600 per year for couples, EUR 3,600 for singles, EUR 7,000 for single parents and EUR 2,300 per child.

According to Van Weyenberg, this solves one of the current problems: the retrospective assessments if it turns out afterwards that people received too much allowance. “Now you can just lose a bonus if you earn a little more. As a result, there are hundreds of thousands of people in debt with the Tax Authorities, or people dare not apply for a supplement. The redeemable tax credit is simpler: you don’t have to apply for it, it goes through your tax return. ”

The redeemable tax credit costs a lot of money: almost 40 billion euros. While the abolition of the surcharges only yields 17 billion euros. That is why D66 wants to increase the income tax rates (by more than 9 billion euros), to abolish the mortgage interest deduction (almost 9 billion euros) and to make pensioners pay more tax (more than 5 billion euros).

To make the allowances less necessary for people with low incomes, D66 wants to increase social assistance and the AOW by 5 percent and the minimum wage by 10 percent. D66 wants to make the childcare allowance superfluous by making childcare free: 4 days for children under 4 and completely free up to 12 years. Costs: 3 billion euros. The care allowance could lapse because D66 wants to halve the care premium. The government should compensate health insurers for that loss of income.

A gap of 8 billion euros

All in all, Van Weyenberg shifts by 100 billion euros. There is a gap of 8 billion according to the CPB. D66 wants to fill that gap with higher taxes on pollution, companies and wealth, Van Weyenberg writes in the initiative note. But he did not pass on those taxes. “At one point I was writing half of our election program. That went too far for me. I don’t pretend it’s finished. There are also positive income effects that CPB does not include now: a higher minimum wage can lead to higher wages. I wanted to know if the surcharges could be abolished at all, without lowering people through the ice. Well, it is possible. ”

Why this great renovation? Couldn’t it be simpler?

“No. The allowances are extremely important for people’s income. If you only enter the redeemable tax credit, the highest incomes will improve significantly, and the low and middle incomes will decrease. I want to support low incomes and I want more work to be more rewarding than it is now. Because now you quickly lose your right to allowances. That is why I also look at the systems behind the allowances and I take tough measures. ”

Do you cycle all kinds of D66 wishes?

“I admit that free childcare is an ardent desire of D66, as is a housing market reform. But if you abolish the housing benefit, it is wise to also abolish that other subsidy, the mortgage interest deduction. Then you disrupt the housing market less. And no, I did not opt ​​for a national healthcare fund, as the SP wants. This is intended as a kick-off. It is clear that each party wants different things. Will it be difficult to compromise on this? Yes. But we must now begin this discussion. The solution lies in the political center. ”

You take measures that have nothing to do with allowances, such as a higher property tax of 3 billion euros. Doesn’t that cloud the results?

“Abolishing the allowances without hitting people on low incomes costs a lot of money. I need this kind of item to pay for this. But they are separate from the core of this proposal. ”

The CPB shows that there are large differences in people’s incomes.

“Yes, but in general all groups are improving, except the highest incomes. I think that is justifiable, so that people with low incomes can no longer be completely ground up in the allowance system. We now have a super-detailed system that is precisely geared towards certain households. If you replace that, people will inevitably deteriorate. ”

Retirees are not progressing.

“People with only AOW pension do. We ask a contribution from people with a higher pension. ”

This plan is drastic, while the Tax and Customs Administration is struggling with problems and in need of rest, officials said.

“Ultimately, this is a huge simplification; we will abolish the complex allowance system. The redeemable tax credit is new and that demands something from the tax authorities. But we cannot afford to do nothing. I’m not going to accept that. ”

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Heavier paycheck in July, 110% eco-bonus also arrives

Wealthier paycheck in July: in fact it starts on Wednesday cutting the tax wedge as required by the latest Budget law. A benefit that affects many workers affected by the tax change in different ways. For employees with income from 8,174 to 26,600 (ex Renzi bonus) the bonus from 80 euros to 100 (20 euros more); for workers with income of 26,600 and 28 thousand euros, an increase in the pay packet of 100 euros is expected; for workers with income between 28 thousand and 40 thousand euro of income, the wedge cut is configured as a decreasing deduction until exhaustion.

Payroll increases, the table with the amounts

Here is a table with the amounts by income brackets.

To obtain the discount in the paycheck it will not be necessary to make a request, the discount will be made directly by the employer, who plays the role of substitute tax.

Ecobonus and 110% bonus earthquake

From 1st July, theecobonus e SISMI good 110%: a maxi tax credit to revive the economy by looking at the greens and safety introduced in the relaunch decree now under consideration in the Chamber. The bonus allows interventions with an improvement of the energy class and reduction of seismic risk practically free thanks to the mechanism of the discount on the invoice and the assignment of credit. Second homes are currently excluded, but there is an amendment in Parliament to include them.

110% restructuring bonus: free jobs, but how many doubts. Who risks “mockery”

Also from July 1st, you can request the holiday bonus from 500 euros. Households with Isee will be able to obtain up to 40,000 euros and is valid until 31 December 2020. The bonus amount will be modulated according to the size of the household: 500 euros for those made up of three or more people; 300 euros for two people and 150 euros for one person.

It is important to remember that for the Holiday Bonus it is necessary to have a “digital identity”: the discount is obtained through an app which can be accessed exclusively via Spid (the Public Digital Identity System) or the Electronic Identity Card. After checking if you are entitled to the bonus, the user will get a unique code and a QR-code that can be used for the use of the bonus.

Payments, the cash cap starts from 1 July: watch out for penalties

Finally on Wednesday the new one also comes into force limit on the use of banknotes which goes from 3,000 to 2,000 euros as established by the tax decree linked to the budget law. As we explain in this fact sheet, the goal is to counter tax evasion by promoting electronic payments. From Wednesday therefore – except for some special cases – it will be mandatory use of traceable systems (cards, bank transfers, etc.) for expenses in excess of 1,999 euros, whether they are between private individuals or between private individuals and merchants. Penalties for those who do not comply with the rules: there is a risk of a fine of 3,000 euros and up to 50,000 euros for a single transaction, according to the gravity of the infringement.

Less cash in circulation, but no specific limit on cash withdrawals and payments to the bank. And ‘black’ payments are in fact still free for mini purchases, even taking advantage of the trick of split payments. “The new thresholds will be easily circumvented – notes a company – with the result that tax revenues will not suffer particular advantages”.

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“Non-repayable loans or in October it will be hard to keep open”

The nightmare of economic analysts is called deflation: as reported by the CGIA Research Office without liquidity, the country “could see the consumer price index drop (already in May it was -0.2%)”. Deflation, we recall, is manifested by a progressive drop in the prices of goods and services. A situation that is far from positive: it is good to note that although prices are decreasing, families do not buy because of lower financial resources or negative expectations. The little that is sold entails increasingly narrow profit margins for retailers. The goods, remaining on the shelves of supermarkets and shop windows, cause a situation of difficulty for traders, but also for manufacturing companies which, in the face of so much unsold, are forced to reduce production.

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In the US payments coronavirus has received over one million “dead souls” :: Society :: RBC

In the United States because of the rush of recipients of incentive payments were not associated with the database registration of deaths, and as a result of funds received over a million “dead souls”, said the audit chamber of the country

Photo: Drew Angerer / Getty Images

The U.S. government paid more than $1.4 billion “to dead souls” as incentive payments on the background of the pandemic coronavirus, says the report of the accounting chamber.

“According to the main inspector of the Ministry of Finance for taxes, as of April 30, nearly 1.1 million payments in the amount of $1.4 billion was sent to the deceased”, — stated in the document.

The authors noted that the IRS and the Treasury “promptly started paying 160.4 million payments in the amount of $269 billion,” but “experienced difficulties in the delivery of payments to certain individuals and additional risks in respect of payments to those who had no right to receive payments is deceased or fraud.”

The chamber found that because of the rush of recipients of incentive payments were not associated with the database registration of deaths, and the tax office found no legal grounds to refuse compensation to those who filed a tax return in 2018 and 2019, but later died.

For payments to families with children up to 16 years will receive more than 270 billion rubles.

Photo: Komsomolskaya Pravda / Global Look Press

In this regard, the chamber recommended that the US tax service “to consider cost-effective ways of warning” about the way of repayment of payments received in error.

At the end of March the US President, Donald trump has signed the law on allocation of $2 trillion to help the economy of the country because of the virus. This financial aid package was the largest in the history of the country. Funds were allocated for additional funding of the health system, business support and direct payments to Americans.

Citizens with an annual income up to $75 million will receive $1.2 thousand, while families with children by $500 per child. Support is provided for those who have lost their jobs and who cut wages. On loans for small businesses, the U.S. government will direct $367 billion, another $130 billion will go to the hospitals.

According to the Johns Hopkins University, in the United States since the beginning of the pandemic coronavirus infected 2.4 million people. At the same time, the Director of the Center for control and prevention of diseases of the USA Robert Redfield announced that the country may be about 25 million cases, ten times more than official figures. “This virus often causes asymptomatic disease. We’ve identified roughly 10% [от масштабов] outbreak” — he said, reports The Hill.

The spread of the coronavirus Covid-19 in the world

The number of confirmed cases of infection

Source: JHU

Data for the world i


Victoria Polyakova

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