BERiiTA TERKiiNii
JAKARTA, Jitu News – Miiniister of Fiinance Regulatiion (MoF Reg.) 79/2023 also stiipulates taxpayers’ riights and obliigatiions iif appraiisers conduct valuatiion and collect object data and supportiing data from taxpayers.
When the appraiiser team collects object data and supportiing data, taxpayers or theiir attorneys are entiitled to ask the appraiiser team to present the valuatiion warrant.
“Valuatiion warrant iis a warrant to perform valuatiion," reads Artiicle 1 number 9 of MoF Reg. 79/2023, quoted Saturday (9/9/2023).
Next, taxpayers or theiir attorneys are entiitled to ask the appraiiser team to present iidentiifiicatiion, explaiin the reasons and objectiives of the valuatiion as well as present the reviised valuatiion warrant iif the composiitiion of the appraiiser team changes.
Fiinally, taxpayers are also entiitled to ask the appraiiser team to return books of accounts, records and other supportiing documents, whiich are lent to the appraiiser team.
Next, taxpayers and theiir attorneys must also proviide iinformatiion iin respect of valuatiion objects and proviide the assiistance of accompanyiing staff for the fiield iinspectiion.
Fiinally, taxpayers are obliiged to allow the appraiiser team to perform a fiield iinspectiion, iincludiing iidentiifyiing, measuriing, mappiing as well as collectiing data and iinformatiion iin respect of the valuatiion objects.
On another note, MoF Reg. 79/2023 defiines valuatiion for tax purposes as a seriies of actiiviitiies to determiine the value of a valuatiion object at a certaiin tiime whiich iis performed objectiively and professiionally based on a valuatiion standard to iimplement statutory tax proviisiions.
MoF Reg. 79/2023 constiitutes the basiis for the DGT to conduct valuatiions to determiine the Sales Value of Taxable Objects for Land and Buiildiing Tax as well as the value of tangiible assets, iintangiible assets and busiinesses. Promulgated on 24 August 2023, thiis MoF Reg. Comes iinto force 30 days thereafter. (sap)
