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Taxation & State Budget

Displaying 1 - 50 of 306 Documents

January 4, 2023

Tempo - January 4, 2023

Riani Sanusi Putri, Jakarta – The Finance Ministry's special staff for strategic communication Yustinus Prastowo on Wednesday elaborated on the Ministry's income tax (PPh) calculation s

January 3, 2023

Jakarta Globe - January 3, 2023

Investor Daily, Jakarta – Indonesia's 2022 budget has recorded a deficit of 2.38 percent of the gross domestic product against the projected 4.5 percent, Finance Minister Sri Mulyani In

December 21, 2022

Tempo - December 21, 2022

Antara, Jakarta – Finance Minister Sri Mulyani in a virtual press conference on Tuesday revealed that the government managed to collect Rp231.75 billion from the cryptocurrency tax from

Tempo - December 21, 2022

Antara, Jakarta – Tax revenues swelled 41.93 percent year on year to reach Rp1.63 trillion as of December 14, 2022, Finance Minister Sri Mulyani Indrawati informed on Tuesday.

December 14, 2022

Jakarta Globe - December 14, 2022

Arnoldus Kristianus, Jakarta – The government and state-owned enterprises, or SOEs, have spent a total of Rp 651.8 trillion or about $41.8 billion worth of local products for their proc

December 1, 2022

Jakarta Globe - December 1, 2022

Investor Daily, Jakarta – Government spending is projected to reach Rp 3,061 trillion ($197 billion) for the fiscal year 2023 to anticipate a continued slowdown of the global economy an

November 8, 2022

Tempo - November 8, 2022

Nabila Nursharifa (Intern), Jakarta – The National Committee for Tobacco Control on Monday proposes a government increase in tobacco excise tax with the aim of greatly reducing cigarett

September 27, 2022

Tempo - September 27, 2022

Ima Dini Shafira, Jakarta – The House of Representatives (DPR) Defense Commission agreed on the Rp134 trillion 2023 budget that was proposed by the Ministry of Defense.

August 18, 2022

Jakarta Post - August 18, 2022

Jakarta – Jakarta Governor Anies Baswedan has introduced additional exemptions from the urban and rural land and building tax (PBB-P2) for land and buildings with a taxable value of pro

Jakarta Post Editorial - August 18, 2022

Jakarta – The government has taken a moderate approach to its spending next year amid global uncertainty caused by the inflation crisis and Russia-Ukraine War.

August 3, 2022

Tempo - August 3, 2022

Antara, Jakarta – West Java Governor Ridwan Kamil on Wednesday talked about the number of vehicles that have paid their taxes in the region he leads He said that not even 50 percent of

August 1, 2022

Tempo - August 1, 2022

Antara, Jakarta – The Finance Ministry's Special Staffer for Strategic Communication Yustinus Prastowo stated that the government would no longer hold tax amnesty programs such as the T

July 28, 2022

Tempo - July 28, 2022

Hendartyo Hanggi, Jakarta (Bisnis) – Finance Minister Sri Mulyani Indrawati said the government pocketed Rp48 billion in tax on cryptocurrency transactions.

July 15, 2022

Jakarta Globe - July 15, 2022

Jakarta – The government has reiterated its intention to implement a carbon tax this year despite having delayed the policy two times in April and earlier this month due to inflation an

June 20, 2022

Tempo - June 20, 2022

Muhammad Hendartyo, Jakarta – Coordinating Minister for the Economy Airlangga Hartarto said Indonesia planned to impose a cap and trade tax and offset or carbon tax on coal-fired power

Bloomberg News - June 20, 2022

Claire Jiao and Grace Sihombing – Most of Indonesia's pandemic-era fiscal incentives are set to expire at the end of the month, adding a new layer of challenge to the economy already fa

June 13, 2022

UCA News - June 13, 2022

Timor-Leste's president has expressed concern over the Catholic-majority country's budget allocation and stressed the importance of prioritizing people most affected by natural disaster

May 30, 2022

Jakarta Post Editorial - May 30, 2022

Jakarta – Forget, for a while, our commitment to reform the energy sector in light of our national pledge to reduce carbon emissions.

April 2, 2022

Jakarta Globe - April 2, 2022

Jakarta – The government's decision to delay carbon tax implementation by three months has come as a relief to Indonesia's economy, which already had to cope with rising fuel, cooking o

April 1, 2022

Tempo - April 1, 2022

Francisca Christy Rosana, Jakarta – The government officially raised the value-added tax (VAT) from 10 percent to 11 percent starting April 1, 2022, as mandated in Article 7 of Law No.

March 29, 2022

Jakarta Globe - March 29, 2022

Triyan Pangastuti, Jakarta – Indonesia's state budget saw a surplus for the second consecutive month of the year as the impact of the Covid-19 pandemic began to ease, Finance Minister S

March 22, 2022

Tempo - March 22, 2022

Bisnis.Com, Jakarta – Finance Minister Sri Mulyani Indrawati confirmed that the income tax rate or PPh of the rich people increased to 35 percent this year.

January 17, 2022

Jakarta Globe - January 17, 2022

Jakarta – President Joko Widodo has agreed to extend luxury tax exemption on low-cost cars until the end of this quarter, a senior minister said over the weekend.

January 4, 2022

Jakarta Globe - January 4, 2022

Jakarta – The Indonesian government collected Rp 2,003.1 trillion ($140 billion) in revenue in the fiscal year 2021, signaling a significant rebound in the economy after a major setback

December 28, 2021

Jakarta Post - December 28, 2021

Divya Karyza, Jakarta – The Finance Ministry has exceeded its yearly tax collection target for the first time in 12 years amid recovering business activity and high commodity prices, al

December 21, 2021

Tempo - December 21, 2021

Fajar Pebrianto, Jakarta – Indonesia's Non-Tax State Revenue from the mineral and coal sector set a record high this year.

December 7, 2021

Reuters - December 7, 2021

Jakarta – Indonesia will bring in a new levy for palm plantations within the next two years, the proceeds of which will be used to protect public interests and the environment, its fina

November 19, 2021

Reuters - November 19, 2021

Jakarta – Indonesia will not allow cross-border carbon trade until it meets its greenhouse gas reduction targets, its finance minister said on Friday, underlining that its domestic carb

October 26, 2021

Fiji Times - October 26, 2021

Charles Scheiner – The young nation of Timor-Leste has been blessed with $US23 billion ($F47.71b) in oil and gas revenues over the past 15 years, which has paid for 86 per cent of state

October 19, 2021

The Diplomat - October 19, 2021

James Guild – At the end of September, the Indonesian legislature passed the 2022 state budget, which comes in at around $190 billion.

October 7, 2021

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

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

October 1, 2021

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

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.

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

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, 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

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