Adrian Wail Akhlas, Jakarta – The government has only spent around Rp 237 trillion (US$15.92 billion) of the funds earmarked for economic stimulus during the COVID-19 outbreak, represen

Mardika Parama, Jakarta – Industry Minister Agus Gumiwang Kartasasmita has urged Finance Minister Sri Mulyani Indrawati to temporarily exempt vehicle tax (PKB) for new cars until Decemb

Akhmad Misbakhul Hasan – As Covid-19 continues to advance into all provinces of Indonesia at a national rate of more than 3,000 new cases a day, the central government appears powerless

Adrian Wail Akhlas, Jakarta – Indonesia's tax office and its Australian counterpart have joined hands to exchange information as part of the latest efforts to fight tax avoidance, the T

Jakarta – A key Indonesian parliamentary committee on Friday reached an agreement with the government to expand the 2021 budget deficit to 5.7% of gross domestic product, from 5.5% init

Jakarta – Indonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10%

Adrian Wail Akhlas, Jakarta – The government will probably fail to meet its tax collection target, because economic activity slowed more than expected amid the coronavirus pandemic, Fin

Adrian Wail Akhlas, Jakarta – The government is seeking to improve its tax arrears accounting system after the Supreme Audit Agency (BPK) discovered irregularities in the existing arran

Adrian Wail Akhlas, Jakarta – Indonesia's economic recovery is "fragile" as state revenue weakened in July after an improvement recorded in the previous month, Finance Minister Sri Muly

Adrian Wail Akhlas, Jakarta – Indonesia recorded a budget deficit of Rp 330.2 trillion (US$22.4 billion), or 2 percent of gross domestic product (GDP), as of July as tax revenue fell fu

Yunindita Prasidya, Jakarta – The government is in a race against the clock to deliver funds to the public to cushion the impacts of the pandemic, but for new ministers the bureaucracy

Dion Bisara, Lenny Tristia Tambun, Jakarta – President Joko "Jokowi" Widodo has proposed an expansive state budget next year with a deficit of 5.5 percent of Indonesia's output as he s

Adrian Wail Akhlas, Jakarta – The government expects Indonesia's state budget deficit to remain wide next year to provide room for efforts to support economic recovery and structural r

Arya Dipa, Bandung, West Java – President Joko "Jokowi" Widodo has called on local administrations to accelerate their regional budget spending to help boost the economy after Indonesi

Adrian Wail Akhlas, Jakarta – The government is allocating Rp 10 trillion (US$684.72 million) this year to provide loans for regional administrations, while taking measures to step up

Dion Bisara, Jakarta – Global technology giants like Apple, Facebook, and TikTok have followed Netflix's footsteps to collect value-added tax on digital services or products they sold

Bisnis, Jakarta – Finance Minister Sri Mulyani announced on Wednesday the issuance of three revised economic stimuli covering business tax incentives, which come as a refinement and fo

Adrian Wail Akhlas, Jakarta – The government will raise its 2021 state budget deficit assumption to 5.2 percent of gross domestic product (GDP) to weather the uncertainties of the pand

Adrian Wail Akhlas, Jakarta – Indonesia recorded a Rp 257.8 trillion (US$17.5 billion) budget deficit in the first half of the year as the government seeks to bolster stimulus spending

Adrian Wail Akhlas, Jakarta – The government and the House of Representatives have agreed in principle on 2021 state budget assumptions with a deficit of 4.7 percent of gross domestic

Adrian Wail Akhlas, Jakarta – Indonesia has raised Rp 18.33 trillion (US$1.27 billion) from government retail bond issuance ORI-017, the Finance Ministry announced on Monday, the highe

Jakarta – There is a new item in President Joko "Jokowi" Widodo daily agenda now: looking at the day-to-day progress of the ministries state budget spending.

Jakarta (Bloomberg) – Indonesia's bureaucratic red tape is preventing almost US$50 billion (S$69.8 billion) in fiscal support from being disbursed to virus-hit businesses and healthcar

Jakarta – Indonesia imposed a 10% value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on Tuesday, as spending patterns shift with increased remot

Adrian Wail Akhlas, Jakarta – Indonesia has raised 100 billion yen (US$930 million) from the issuance of five-tranche samurai bonds to help the government cover the fiscal deficit and