Bali authorities have decided to levy a tourist tax on foreigners from 2024, with the funds to be used to preserve cultural heritage, The Jakarta Post reported.
“Bali attracts millions of foreign visitors every year, and the island is trying to capitalize on its popularity to replenish the treasury and protect cultural heritage. From 2024, foreign tourists traveling to Bali from abroad or other parts of Indonesia will be charged a one-time tax of $10,” the Post writes.
As the newspaper notes, payment of the tax will be made through an electronic payment, which will have to be made before arrival on the island.
Bali Governor Wayan Koster believes that the new levy will not lead to a decrease in tourist traffic.
“I don’t think the numbers will be lower. We plan to use the revenue from the tourist tax to preserve the environment and culture, build better infrastructure to make traveling to Bali more comfortable and safe,” he explained.
In 2022, more than 2 million foreign tourists visited Bali, but since the beginning of 2023, the island has seen an increase in violations of cultural norms and migration laws by foreign tourists, so the authorities no longer want to develop mass tourism.
Scheduled business audits by state tax service in 2023
Source: Open4Business.com.ua and experts.news
Italy plans to introduce 26% tax on profit from cryptocurrencies. The government will charge tax if the profit exceeds 2 thousand euros.
Taxpayers have already received letters demanding to indicate the value of their crypto-assets as of January 1, 2023 in the declaration and pay a tax of 14%.
A new law will come into force in Turkey on January 1, 2023, according to which a tax will be charged on accommodation in hotels, guest houses and other tourist accommodation facilities, TGRT Haber TV channel reports.
“The effect of this law was postponed two years ago, however, on the eve of its entry into force in January 2023, the tax administration prepared a draft communiqué containing the details of the document. So, from January 1, in hotels, motels, guest houses, holiday villages, boarding houses, apart-hotels , thermal resorts, campsites will be charged a fee of 2% of the cost of all services. The President of Turkey will have the right to reduce or increase the tax rate within these limits,” writes the portal.
It is noted that the mechanism for levying the tax has not yet been determined. Organized tourists will probably pay for it when buying a tour, and independent travelers will pay when checking out from a hotel. Also, the tax may be levied on the hoteliers themselves, their family members and partners who use accommodation and recreation services for free. Staff working and living on site will not pay the fee.
“The services offered in the accommodation facility, which are sold together with the overnight stay, are subject to the accommodation tax. This includes food, drinks, activities, entertainment services and the use of swimming pools, sports, thermal and similar areas offered in the hotel, as well as all concepts – BB , HB, FB, all inclusive, ultra all inclusive, writes TGRT Haber.
As the portal clarifies, for services provided outside the accommodation facility, for example, transfers, excursions, escorts, a separate invoice is issued without tax.
If the rate is calculated in a foreign currency, it will be converted into Turkish Lira at the rate of the Central Bank of Turkey in force on the date of the taxable event, i.e. the day the stay at the hotel ends, to determine the amount of the fee.
Registration of tax invoices, interrupted at the beginning of the war, will resume on Friday, May 27, said Daniil Getmantsev, head of the parliamentary committee on finance, tax and customs policy.
“Friends, tomorrow we are opening the registration of tax invoices. The system will operate in the pre-war regime with the reservations specified directly in the law. I urgently ask converters, individual tax specialists and other professional evaders not to count on the fact that in the conditions of war the scheme tax credit will go unnoticed,” – he wrote in Telegram on Thursday evening.
According to him, the State Tax Service will react harshly to any such attempts, “according to the laws of war with all the consequences.”
Getmantsev also appealed to businesses with a request to immediately inform them of any local distortions on the part of the tax authorities, if any.
“The tax office has an absolutely unambiguous clear task – to ensure the registration of tax invoices in full compliance with the law and the requirement of white business,” the head of the committee said.
As reported, on May 12, the Verkhovna Rada adopted a law (draft No. 7360), which, in particular, completely resumes the operation of the VAT Electronic Administration System (SEA). Registration of tax invoices, according to him, for February-May 2022 is provided until July 15 this year.
According to the document, taxpayers are exempted from liability for late reporting or payment of taxes in the period after the start of the war on February 24, if these tax obligations were fulfilled within 60 days from the date of renewal of such an opportunity. The same concessions are given to taxpayers who switched to a simplified taxation system with the payment of 2% tax.
In addition, the law resumes cameral and documentary audits of tax reporting, as well as budgetary VAT refunds, but
Vindkraft Ukraine, operating in the field of wind energy in Ukraine, has estimated its possible annual losses from the introduction of excise tax on “green” electricity at EUR3 million.
“Our losses from excise tax will amount to EUR3 million per year,” founder and CEO of the company Carl Sturen said in a comment to Energy Reform on the sidelines of a press conference at the Interfax-Ukraine agency on the development of renewable energy sources on June 9.
At the same time, he noted that with the introduction of the excise tax, it will be necessary to negotiate again with banks financing the company’s projects on restructuring loans.
“If a decision on excise tax is made now, it will be necessary to recalculate it again, to renegotiate that we cannot fulfill the payment schedules. This is an ongoing process,” Sturen complained.
According to him, both in the past and in the current year, the company’s management is continuously engaged in restructuring loans.
“We are constantly doing this. First, we signed a memorandum – we built our schedules with the banks according to the memorandum, taking into account that it will be fulfilled. Then the memorandum is not fulfilled – it was necessary to negotiate in a new way. Now the excise tax is impending – negotiations again,” the head of Vindkraft Ukraine described the situation.
At the same time, he stressed that in such conditions it is impossible to build anything, specifying that “the company planned to build a wind farm with a capacity of 200 MW in Kherson region this year, but it is already obvious that it will not have time to do this.”
According to Sturen, it is now difficult to negotiate financing for new projects.
“Nobody is funding, they are waiting for the law and the memorandum to be fulfilled. Everything is in limbo,” he explained the state of affairs.
Nevertheless, the CEO of the company believes that the signing of the memorandum was the right decision.
“All the same, this memorandum was correct. I see the government’s attempts to fulfill it, but, unfortunately, the situation is complicated, rather, by the manipulation of those bodies that are not directly subordinate to the government. This, in particular, is the regulator,” Sturen said.
He substantiated his position by the fact that participants in the electricity market, allowing manipulations on it, remain unpunished, and this is within the competence of the energy regulator – the NEURC.
“If the market players undermine it with fake volumes and bids for consumption and sale, if there is no punishment for this, manipulations, in my understanding, are in full swing. And “green” generation suffers and artificial losses are created for Energoatom,” he said.
In his opinion, “green” generation, requiring payments and balancing, creates only 5% of problems in the market, and 95% arise from manipulations on it.
