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.
Taxation & State Budget
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
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
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
Hendartyo Hanggi, Jakarta (Bisnis) – Finance Minister Sri Mulyani Indrawati said the government pocketed Rp48 billion in tax on cryptocurrency transactions.
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
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
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
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 – 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 – 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
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
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
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 – 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 – 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
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
Fajar Pebrianto, Jakarta – Indonesia's Non-Tax State Revenue from the mineral and coal sector set a record high this year.
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
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
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
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
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
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
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
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
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 – 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
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
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
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
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
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
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
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
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
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
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
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 – 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
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
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
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
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 – 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
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