Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
Vol 4, No 3 (2021): Budapest International Research and Critics Institute August

The Application of Tax Law to a Corporation's Bankruptcy Restricted in Indonesia

Rachmat Dwi Putranto (Unknown)
Anggoro Hendrawan (Unknown)
Marjan Miharja (Unknown)
Gunawan Nachrawi (Unknown)
Emil Salim (Unknown)



Article Info

Publish Date
10 Sep 2021

Abstract

While the journey of a legal entity of the Company is limited in Indonesia in terms of carrying out its business in accordance with its purpose, there are occasionally unexpected events such as debts that impede the smooth operation of the company's cash, or even ongoing disputes with creditors that force the company to declare bankruptcy via court orders, even though bankruptcy is not mandatory. Everything comes to an end with the Company. The Limited Liability Company owes the state something, specifically tax. The Directorate General of Taxes of the Republic of Indonesia's Ministry of Finance is responsible for state taxes. If the Company's tax obligations are not met optimally, the company's management, in this case the Directors and Commissioners, is responsible for resolving them. The company owner entrusts the Board of Directors with the responsibility of carrying out the responsibilities imposed by its authority in a limited company and carrying out the task prudently in accordance with the prudential principle. The curator was involved in a party's bankruptcy to manage the assets of parties in bankruptcy and distribute them to creditors in compliance with applicable rules and regulations.

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Journal Info

Abbrev

birci

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Social Sciences

Description

Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences is a peer-reviewed journal published in February, May, August and November by Budapest International Research and Critics University Journal (BIRCU-Journal). BIRCI welcomes research papers in ...