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

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

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 – 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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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.

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

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

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

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

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