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Taxation & State Budget

Displaying 1 - 50 of 288 Documents

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

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

December 18, 2020

Tempo - December 18, 2020

Caesar Akbar, Jakarta – Senior economist Faisal Basri during a webinar on Friday criticized the reduced healthcare budget the government had allocated in the 2021 State Budget (APBN).

December 10, 2020

Jakarta Globe - December 10, 2020

Jakarta – Indonesia, the world's largest cigarette market, has announced on Thursday to increase the cigarette excise by an average of 12.5 percent in 2021 in the country's latest attem

December 1, 2020

Jakarta Post - December 1, 2020

Adrian Wail Akhlas, Jakarta – The government expects to spend around 95 percent of the total COVID-19 stimulus budget by year-end, less than the initial target, as it struggles to ramp

November 24, 2020

Jakarta Post - November 24, 2020

Adrian Wail Akhlas, Jakarta – Indonesia has collected Rp 297 billion (US$20.9 million) from 22 digital technology companies under the new digital tax, the Finance Ministry's Taxation Di

November 20, 2020

November 5, 2020

Jakarta Post - November 5, 2020

Adrian Wail Akhlas, Jakarta – The government has once again adjusted its Rp 695.2 trillion (US$47 billion) pandemic stimulus to include funding for a sovereign wealth fund, vaccine proc

October 28, 2020

Jakarta Post - October 28, 2020

Adrian Wail Akhlas, Jakarta – Tax incentives stipulated in the recently passed Job Creation Law have raised questions among economists over whether they can attract investment and boost

October 27, 2020

Jakarta Post - October 27, 2020

Adrian Wail Akhlas, Jakarta – As only Rp 30 trillion (US$2.04 billion) of the government's tax breaks for businesses and individuals had been realized to date, far below its intended ta

October 22, 2020

Jakarta Post - October 22, 2020

Adrian Wail Akhlas, Jakarta – Indonesia needs broad-based tax reform to boost its revenue in the long run so that the country can minimize the impact of spending adjustments and fund it

October 19, 2020

Jakarta Post - October 19, 2020

Adrian Wail Akhlas, Jakarta – The government will not slash the vehicle tax (PKB) on new cars for individuals and businesses to zero percent this year, Finance Minister Sri Mulyani Indr

October 12, 2020

Jakarta Post - October 12, 2020

Adrian Wail Akhlas, Jakarta – Indonesia has added eight more technology companies to a list of "VAT collectors" – businesses that must charge 10 percent value-added tax (VAT) on all goo

October 2, 2020

Jakarta Post - October 2, 2020

Dzulfiqar Fathur Rahman, Jakarta – The Indonesian government has disbursed Rp 304.6 trillion (US$20.5 billion), or 43.8 percent of the Rp 695 trillion national economic recovery (PEN) b

September 23, 2020

Jakarta Post - September 23, 2020

Dzulfiqar Fathur Rahman, Jakarta – House of Representatives Commission IV approved on Monday a vastly increased Agriculture Ministry budget that is aimed at supporting the national econ