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
Taxation & State Budget
January 4, 2023
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
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
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
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
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
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
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 – 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 – 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
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
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
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
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
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, 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.
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