Jakarta – Toyota Motor Manufacturing Indonesia (TMMI) vice president director Bob Azam has asked the government to formulate an impact mitigation scheme ahead of the planned value-added

Tenggara Strategics, Jakarta – Defense minister and presumptive president-elect Prabowo Subianto attended the Mandiri Investment Forum 2024 as keynote speaker last week, a role that wou

Arnoldus Kristianus, Jakarta – The Institute for Development of Economics and Finance (Indef) is worried that the proposed increase in the value-added tax (VAT) rate to 12 percent in 20

Jakarta – Indonesians will have to pay more for most goods they buy in 2025 once the government increases value-added tax (VAT) to 12 percent in 2025, from the current 11 percent.

Arnoldus Kristianus, Jakarta – The government is set to implement a 12 percent value-added tax (VAT) next year, marking a 1 percentage point increase from the current VAT rate.

Arnoldus Kristianus, Jakarta – Presidential candidate Prabowo Subianto wants to raise the tax ratio to 16 percent, up from the current 10 percent, which he deems low compared to other c

Arnoldus Kristianus, Jakarta – The World Bank has advised that the upcoming president's free lunch program should carefully consider the health of the 2025 State Budget.

Deni Ghifari, Jakarta – Government projections point to a sharp increase in the budget deficit this year amid massive spending on social aid and subsidies.

Editorial board, Jakarta – Prabowo Subianto, the most likely winner of the Feb.

Aditya Hadi, Jakarta – Two major credit rating agencies, Fitch Ratings and Moody's, have raised concern that Prabowo Subianto's expensive campaign promises could result in more expansio

Antara, Denpasar – Bali's Tourism Agency announced that the Rp 150,000 ($10) tourist levy for foreign visitors, in effect since February 14, has yielded Rp 9.1 billion in just one week.

Annisa Febiola and Amelia Rahima Sari, Jakarta – An economist from the Center of Reform on Economic (CORE) Yusuf Rendy Manilet responded to presidential candidate Prabowo Subianto's pla

Jakarta – There is wide opposition to the entertainment tax increase this year and the 12 percent VAT from next year. This is a threat to the viability of businesses.

Alfida Rizky Febrianna, Jakarta – Former Trade Minister Enggartiasto Lukita recently expressed concerns that the implementation of new entertainment taxes, reaching up to 75 percent, co

Faisal Maliki Baskoro, Bali – Beginning Feb. 14, 2024, foreign tourists visiting Bali will be required to pay a tourist tax of Rp 150,000 ($10).

Madeline Croad, Jakarta, Indonesia – After spa therapist Murniyati survived COVID-19 on a sparse salary, she thought the worst was over.

Annisa Febiola, Jakarta – Jakarta Chamber of Commerce and Industry (Kadin) chairperson, Diana Dewi, criticized the recent policy of the provincial government to increase the vehicle fue

Arnoldus Kristianus, Jakarta – West Sumatra and West Java have joined Bali in implementing an entertainment tax of less than 40 percent for establishments like nightclubs, karaoke spots

Alfida Rizky Febrianna, Jakarta – The Jakarta City Administration has doubled the Motor Vehicle Fuel Tax (PBBKB) from 5 percent to 10 percent, but according to an expert, the increase i

Whisnu Bagus Prasetyo, Jakarta – Several employees in Jakarta have voiced their grievances as their salaries for this month have experienced a decrease.

Rhea Yasmine Alis Haizan, Singapore/Jakarta – A 40 per cent to 75 per cent entertainment tax on the price of certain goods and services may soon be implemented in Indonesia, much to the

Alfida Rizky Febrianna, Jakarta – Leisure service providers won't obey the recent tax hikes until the Constitutional Court issues a ruling over a legal motion challenging the government

Yohana Belinda, Jakarta – The government has decided to postpone increasing the entertainment tax rate, which was slated to take effect this January, Coordinating Maritime Affairs and I

Henderi Gunadi, Jakarta – In the run-up to the presidential election on Feb.

Heru Andriyanto, Jakarta – Chief Investment Minister Luhut Binsar Pandjaitan has called for the suspension of the controversial tax hike on nightclubs, karaoke houses, and bars due to m

Yohana Belinda, Jakarta – Industry players are pressing for legal action against a recent hike to the entertainment tax, arguing that it will hinder their businesses and allow illegal a

Alfida Rizky Febrianna, Jakarta – The government has prepared incentives for businesses opposing the increase of entertainment tax.

Aditya Hadi, Jakarta – In order to turn their campaign promises into reality, the three presidential candidates have sought to boost state revenue by tweaking the country's taxation pol

Arnoldus Kristianus, Jakarta – The Finance Ministry has collected Rp 6.76 trillion ($435.5 million) in value-added tax (VAT) and income tax obtained from digital companies and services

Arnoldus Kristianus, Jakarta – Finance Minister Sri Mulyani Indrawati on Sunday claimed that the state budget has seen quality spending that is "worth every penny" throughout the year.

Faisal Maliki Baskoro, Jakarta – The Ministry of Finance has implemented a policy to levy a tax on electronic cigarettes (e-cigarettes), also known as vape, effective from Jan.

Jakarta – The campaign team for presidential candidate Prabowo Subianto and his running mate Gibran Rakabuming Raka says the candidates would consider taxing small and medium enterprise

BTV, Jakarta – A Finance Ministry official revealed on Tuesday that the cumulative state revenue has reached Rp 2,553.2 trillion ($164.8 billion) year-to-date, amounting to 96.8 percent

Antara, Jakarta – The Ministry of Finance said on Monday that the government will draw new debt totaling Rp648.1 trillion (US$41.8 million) in 2024 to close the deficit of projected sta

Deni Ghifari, Jakarta – Industry players have complained about a planned excise tax on plastic products and sweetened beverages, arguing it will not solve what it is intended to and wil

Riani Sanusi Putri, Jakarta – Indonesian Minister of Cooperatives and SMEs Teten Masduki confirmed that the current income tax rate or PPh of 0.5 percent for micro, small, and medium en

Jakarta – Indonesia's current account deficit narrowed in the third quarter as demand for exports recovered, the central bank said on Tuesday, with most economists expecting the central

Jakarta – A weaker rupiah may impose a burden on the state budget since it will increase the amount of fuel subsidies that the government has to pay to secure domestic fuel supplies, an

Agnes Valentina Christa, Lombok – A Finance Ministry official has said that the government's unexpected decision to exempt value-added tax (VAT) on home purchases priced up to Rp 2 bill

Riri Rahayu, Antara, Jakarta – Indonesian Investment Minister Bahlil Lahadalia confirmed that the government will keep granting tax holidays to attract foreign investors so long the glo

Jakarta – Indonesia will likely book a smaller-than-expected budget deficit this year, even after taking into account President Joko Widodo's new incentives to boost growth, which will

Jakarta (VNA) – Indonesia has placed new import duties on four types of products, with levies reaching some 40% of the product's value in certain cases.

Arnoldus Kristianus, Jakarta – As of August 31, the state budget has achieved a surplus of Rp 147.2 trillion ($9.6 billion), equivalent to 0.7 percent of the gross domestic product (GDP

Amy Heppy, Jakarta – Director of Communication and Publication of the Directorate General of Customs and Excise Nirwala Dwi Heryanto stated that tobacco products excise or cigarettes ex

Mutia Yuantisya, Jakarta – Jakarta Acting Governor Heru Budi Hartono stressed that Jakarta's Regional Budget or APBD was the lowest among other provinces in Java.

Arnoldus Kristianus, Jakarta – The Indonesian government announced on Friday that the state budget has achieved a surplus of Rp 153.6 trillion ($10 billion), which is equivalent to 0.72

Moh. Khory Alfarizi, Jakarta – Indonesia's non-tax state revenue (PNBP) amounted to Rp302.1 trillion at the end of June 2023, reflecting a 5.5 percent year-on-year growth.

Deni Ghifari, Jakarta – The Finance Ministry has warned that a slowing global economy could hurt Indonesia's budget, as weaker commodity exports take a toll on customs and excise as wel

Arnoldus Kristianus, Jakarta – The Indonesian state budget has reported an impressive surplus of Rp 152.3 trillion ($10 billion) in the first half of 2023, largely attributed to the att