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Optimize Tax Refunds by Taking Advantage of the Latest Rules

Optimize Tax Refunds by Taking Advantage of the Latest Rules

PPN

30 Nov, 2023 13:11 WIB

Jakarta, Ideatax -- Tax refund, or what is better known as restitution, is an effort taken by taxpayers to submit a request for a refund of funds that have been paid in excess of the due amount to the state. Currently, there are new regulations issued to simplify the tax refund process, with the main aim of making it easier to submit refunds simply, quickly and efficiently.

 

This regulatory update not only aims to provide administrative convenience, but also creates a more transparent and accountable environment for taxpayers.

 

So, here we will discuss practical steps that taxpayers can take to optimize tax refunds in accordance with the latest regulations, so that this process is not only easier, but also more profitable. How is that? The following is the explanation.

 

Optimizing Tax Refunds According to the Latest Rules

Currently, the time period for getting a tax refund has been cut from 12 months to just 15 working days. This is regulated in the Director General of Taxes Regulation Number PER-5/PJ/2023 regarding the acceleration of Refunds of Tax Overpayments. This process allows taxpayers to get back the funds they have paid in a shorter time.

 

To maximize this return, taxpayers have several options as follows:

 

1. Claim Deductions/Exclusions

The first step that needs to be taken is to submit a claim for the available tax deductions or relief. This is important because every taxpayer has the right to request deductions or exemptions that should be obtained when filling out tax forms. By doing this, you can help get back the amount of refund you should receive. However, make sure you have prepared the necessary documents and evidence to support this claim.

 

2. File Tax Restitution on Time

One of the obligations for taxpayers is to submit tax returns on time in accordance with the established limits. Delays in filing may result in fines or interest charges. Therefore, it is very important for you to adhere to the deadlines set by the tax department to ensure the refund process goes smoothly.

 

3. Consult a Tax Professional

If you consider your tax refund issue complex or need help optimizing your refund, consider contacting a professional tax consultant.

 

A tax expert will provide guidance and advice appropriate to your situation. In addition, this method can also help identify additional opportunities to save taxes.

 

So, you can implement the three points above to maximize your tax refund application. Related to the third point, there are various tax expert services that you can choose, one of which is Ideatax.

 

Our team of professional tax experts is ready to help in managing and optimizing your tax return process. By utilizing our various services, you can be sure that your refund application not only complies with the latest regulations, but is also fully optimized.

 

For more information or to start the consultation process, visit the official Ideatax website now!