Riska Rahman, Jakarta – The government is on high alert over a possible increase in tax shortfall this year as the economic slowdown is likely to continue until the end of the year.
Taxation & State Budget
Displaying 401 - 450 of 554 Documents
September 26, 2019
September 25, 2019
Made Anthony Iswara, Jakarta – The government has decided to suspend an export tax imposed on crude palm oil (CPO) and its derivative products until next year to ease the financial bur
Jakarta – The House of Representative passed the 2020 state budget bill into law during a plenary meeting on Tuesday.
September 19, 2019
Erwin C Sihombing, Jakarta – The Jakarta Tax Office said Thursday that 20 Ferrari owners in the city have paid their luxury vehicle taxes, but warned that more than 1,400 luxury vehicl
September 16, 2019
Marvela, Jakarta – Over a thousand cars categorized as luxury cars in the Jakarta area are reportedly in tax arrears amounting to Rp2.4 trillion.
Larissa Huda, Jakarta – The Indonesian Tobacco Farmers Association (APTI) chairman Agus Parmuji opined the 23-percent cigarette tax hike is beyond a reasonable threshold and will highl
September 6, 2019
Kunradus Aliandu, Jakarta – Indonesia plans to cut corporate taxes to boost domestic investment.
September 4, 2019
Marchio Irfan Gorbiano, Jakarta – The government plans to gradually lower the corporate income tax in a bid to attract more investment and boost the country's cooling economic growth.
August 31, 2019
Norman Harsono, Jakarta – Indonesia's tax office has announced several tax incentives for oil and gas contractors operating in the country.
August 21, 2019
Nur Yasmin & Dion Bisara, Jakarta – The tax office has dashed hopes for a second tax amnesty over concerns that this may erode its credibility.
August 16, 2019
Maikel Jefriando, Tabita Diela, Jakarta – Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spendi
August 2, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati is open to the idea of giving taxpayers a second chance to come clean about assets kept abroad amid calls from the public, particularly
July 24, 2019
Jakarta – The Taxation Directorate General is now preparing a mechanism to collect taxes from all activities in the digital economy, not only trading in marketplaces, but also all acti
July 22, 2019
Jakarta – The Taxation Directorate General has revoked a regulation on individual income tax to simplify the tax calculation process and ensure legal certainty.
July 18, 2019
Bambang Nurbianto, Jakarta – Finance Minister Sri Mulyani Indrawati says the slow growth of tax revenues in the first half of 2019 was caused by the implementation of a tax refund acce
July 17, 2019
Jakarta – The Finance Ministry has projected a revenue shortfall of Rp 140 trillion (US$10.02 billion) from the revenue forecast of Rp 1.58 quadrillion in the 2019 state budget, and th
July 9, 2019
Made Anthony Iswara, Jakarta – The government and the House of Representatives on Monday agreed to revise down the tax to gross domestic product (GDP) ratio assumption for the 2020 sta
Jakarta – President Joko "Jokowi" Widodo has issued a regulation on major tax deductions aimed at boosting investment, research and development (R&D) as well as the participation o
July 5, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati has revealed on Tuesday that last year's state budget recorded a deficit of Rp 269.4 trillion, or 1.81 percent of gross domestic produc
July 4, 2019
Retno Ayuningtyas, Jakarta – The Tax Office has said it does not have enough time to execute a plan to cut the corporate income tax from 25 percent to 20 percent by the end of this yea
July 1, 2019
Adi Ahdiat, Jakarta – The government has completed the next year's draft budget for ministries and state institutions.
June 25, 2019
Hendartyo Hanggi, Jakarta – Industry Minister Airlangga Hartarto said the government will continue making policy breakthroughs to make domestic businesses more attractive and able to d
June 24, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati has expressed concern about a slowdown in tax revenue this year.
June 20, 2019
Dion Bisara & Novy Lumanauw, Jakarta – The government is prioritizing revisions to the corporate income tax law, seeking to cut the tax rate from 25 percent to 20 percent to attrac
May 28, 2019
Jakarta – The Supreme Audit Agency (BPK) on Tuesday gave unqualified opinion (WTP) opinion, the best audit grade, for the 2018 central government financial report.
May 21, 2019
Jakarta – The Indonesian Malt Beverage Industry Association (GIMMI) has welcomed the government's decision to exempt the Batam free trade and port zone (KPBPB) in the Riau Islands from
Jakarta – The government targets a tax to gross domestic product (GDP) ratio of 11.8 to 12.4 percent in 2020, compared to this year's target of 12.2 percent.
May 20, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati has said Indonesia is to still face a tough external economic challenge in 2020 because of an adverse geopolitical situation that was p
Jakarta – Referring to slow growth in tax revenue collection in the first four months of 2019, the Center for Indonesia Taxation Analysis (CITA) projects the country will collect Rp 1.
May 14, 2019
Jakarta – The government has been urged to find ways to increase state revenue, which grew only 4.9 percent year-on-year (yoy) in the first quarter, much lower than the 12.6 percent gr
May 8, 2019
Jakarta – The Directorate General of Taxation reports that only 768,000, 52.24 percent, of all companies and other institutions submitted tax returns (SPT) for 2018 by Thursday's deadl
April 29, 2019
Jakarta – Slow tax revenue growth of 1.8 percent in the first quarter of this year, a major decline from the 9.9 percent growth posted in the same period in 2018, could result in an in
April 23, 2019
Marchio Irfan Gorbiano, Bogor, West Java – President Joko "Jokowi" Widodo has instructed his Cabinet ministers to increase capital expenditure and to cut spending on goods procurement
April 11, 2019
Jakarta – The Taxation Directorate General has seen tax revenues increase in the first half of 2019, triggered by the legislative and presidential elections on April 17.
April 8, 2019
Marchio Irfan Gorbiano, Jakarta – Representatives from online marketplaces and online retailers have welcomed the government's decision to revoke a regulation on e-commerce taxes that
April 4, 2019
Jakarta – Finance Minister Sri Mulyani has stressed that the cancellation of the e-commerce tax regulation would not apply to those sold products through online marketplaces and social
April 1, 2019
Jakarta – The Directorate General of Taxation has announced that 10.93 million taxpayers, or 70.15 percent of its target of 15.58 million taxpayers, had filed their annual tax returns
March 29, 2019
Jakarta – The government is yet to issue a technical regulation on e-commerce taxation with only several days left before the new policy is scheduled to take effect on April. 1.
Marchio Irfan Gorbiano, Jakarta – The Finance Ministry has revoked a regulation on tax treatment for e-commerce transactions amid pushback from digital economy players.
March 26, 2019
Jakarta – Representatives of two business associations have called on the government to lower the rate of corporate income tax so they can manufacture products that can compete in the
March 14, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati has heaped praise on 30 taxpayers – both individuals and corporations – whose total contribution to tax revenue amounted to Rp 418.73 t
March 4, 2019
Jakarta – The Investment Coordination Board (BKPM) has said that more investors applied for tax holidays after the government relaxed the procedures for obtaining the fiscal incentive.
February 27, 2019
Marchio Irfan Gorbiano, Jakarta – Exporters are hoping the current tax waivers will be continued, with half of respondents surveyed by the University Network for Indonesia Export Devel
February 26, 2019
Riska Rahman, Jakarta – The simpler process of claiming tax refunds has caused an increase in claims over the past few months and cut into the tax revenue, the tax office has said.
February 21, 2019
Jakarta – After joining 120 countries in the Automatic Exchange of Information in 2018, the tax office has obtained information about the wealth of Indonesian nationals that is deposit
February 18, 2019
Jakarta – The Taxation Directorate General saw a significant increase in tax disputes in 2018 following a government tax amnesty held from July 2016 to March 2017.
January 31, 2019
Jakarta (Reuters) – Indonesian President Joko Widodo has renewed a pledge to cut corporate tax rates in South-east Asia's biggest economy if he is re-elected in April, an economic advi
January 30, 2019
Jakarta – In an apparent case of identity theft, a family in Tamansari, West Jakarta, have just learned they are recorded as the owners of several luxury cars and that substantial taxe
January 3, 2019
Marchio Irfan Gorbiano, Jakarta – The government reported on Wednesday that state revenue collected last year had surpassed the target as outlined in the 2018 state budget, a feat that
November 15, 2018
Karlis Salna, Jakarta – Indonesian presidential candidate Prabowo Subianto will slash corporate and personal income taxes if he comes to power, part of a plan to compete with low-tax ne