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Taxation & State Budget

Displaying 1 - 25 of 276 Documents

October 7, 2021

Tempo - October 7, 2021

Antara, Jakarta – The government will require additional revenue of up to Rp700 trillion to keep the state budget deficit below three percent of the GDP (gross domestic product), the In

Reuters - October 7, 2021

Gayatri Suroyo, Fransiska Nangoy, Jakarta – Indonesia's parliament approved a law on Thursday for one of the country's most ambitious tax overhauls, including raising the value added ta

October 1, 2021

Tempo - October 1, 2021

Caesar Akbar, Vindry Florentin, Jakarta – The Taxation Harmonization Bill (RUU HPP) will be ratified at the House of Representative (DPR) plenary scheduled to be held next week.

Jakarta Globe - October 1, 2021

Jakarta – Indonesia sets to introduce a new carbon tax, becoming the latest country to introduce the measure as part of its commitment to curb greenhouse gas emissions over the next dec

September 28, 2021

Channel News Asia - September 28, 2021

Jakarta – Indonesia's parliamentary budget committee on Tuesday (Sep 28) approved President Joko Widodo's 2022 budget with total spending of about 2,714 trillion rupiah (US$190.40 billi

September 17, 2021

Reuters - September 17, 2021

Gayatri Suroyo, Jakarta – Indonesia has reinstated a temporary luxury-tax break on sales of smaller cars as the concession helped boost demand for vehicles, the Finance Ministry said on

August 17, 2021

Jakarta Globe - August 17, 2021

Jakarta – President Joko "Jokowi" Widodo has introduced an expansive 2022 budget bill that contains a total of $188 billion in spending to funds reforms in healthcare, social protection

August 16, 2021

Reuters - August 16, 2021

Tabita Diela, Gayatri Suroyo, Jakarta – Indonesia's President Joko Widodo on Monday proposed a $188 billion budget for 2022, a touch bigger than this year's spending outlook and with a

July 8, 2021

Bloomberg News - July 8, 2021

Claire Jiao, Grace Sihombing and Haslinda Amin – Indonesia's finance minister expects the budget deficit to stay elevated next year as the nation's worst coronavirus surge hampers the r

June 29, 2021

Jakarta Globe - June 29, 2021

Dion Bisara, Jakarta – The government has submitted a proposal to impose a carbon tax starting next year, as part of the country's tax code reform, to reduce carbon emissions and meet i

June 28, 2021

Nikkei Asia - June 28, 2021

Jakarta (Reuters) – Indonesia's finance minister on Monday laid out a government proposal for an overhaul of tax regulations, including introducing a program to report undisclosed asset

June 25, 2021

Tempo - June 25, 2021

Jakarta – The government's plan to increase value-added tax and widen its coverage triggers controversy. The key is build public trust.

June 21, 2021

AsiaOne - June 21, 2021

Resty Woro Yuniar (South China Morning Post) – In a bid to boost government coffers decimated by the coronavirus pandemic, Indonesia is considering a sweeping tax overhaul that would ad

June 14, 2021

UCA News - June 14, 2021

Ryan Dagur, Jakarta – Catholic groups in Indonesia have criticized a draft bill that would impose a tax on educational services, which the government claims is part of efforts to spur e

June 10, 2021

Tempo - June 10, 2021

Caesar Akbar, Jakarta – The Indonesian Consumers Foundation (YLKI) responded to the government's plan to impose a value-added tax (PPN) for staple food or locally known sembako.

Tempo - June 10, 2021

Antara, Jakarta – Center for Indonesian Policy Studies (CIPS) head researcher, Felippa Ann Amanta, assessed the effects of the government plan upon imposing added-value tax (PPN) on sta

Tempo - June 10, 2021

Caesar Akbar, Bisnis, Jakarta – The Indonesian Traditional Market Traders Association (IKAPPI) voiced its protest against the government's plan to impose added-value tax (PPN) on sembak

May 25, 2021

Jakarta Globe - May 25, 2021

Jakarta – The government has proposed a plan to add a new income tax bracket imposing a 35 percent tax rate on any annual income above $348,000 as part of a sweeping move to revamp Indo

May 24, 2021

Nikkei Asia - May 24, 2021

Shotaro Tani, Jakarta – Indonesia is considering introducing a carbon tax as it seeks to boost revenue to fund its spending to support an economy reeling from the COVID-19 pandemic.

May 21, 2021

Reuters - May 21, 2021

Jakarta – Indonesia has drawn up proposals to bring in a carbon tax to curb greenhouse gas emissions, in addition to raising VAT rates and reforming income tax, as part of a major overh

May 20, 2021

Jakarta Globe - May 20, 2021

Jakarta – President Joko "Jokowi" Widodo has notified the House of Representatives about his intent to introduce another tax amnesty program, the second in five years, as part of the go

May 11, 2021

April 30, 2021

Bloomberg News - April 30, 2021

Rieka Rahadiana, Eko Listiyorini and Claire Jiao – Indonesia is offering made-to-measure incentives and, potentially, carbon offsets as it competes for investment.

February 17, 2021

The Diplomat - February 17, 2021

By Aashna Jamal – Timor-Leste is one of the countries with the lowest number of COVID-19 cases, largely because the government shut down borders in early 2020 knowing that the fragile h

January 26, 2021

Reuters - January 26, 2021

Tabita Diela, Jakarta – Indonesia has raised its budget for the National Economic Recovery program to Rp 553.09 trillion (US$39.4 billion), increasing fiscal support for a country strug