Kunradus Aliandu, Jakarta – Indonesia plans to cut corporate taxes to boost domestic investment.
Taxation & State Budget
September 6, 2019
September 4, 2019
Marchio Irfan Gorbiano, Jakarta – The government plans to gradually lower the corporate income tax in a bid to attract more investment and boost the country's cooling economic growth.
August 31, 2019
Norman Harsono, Jakarta – Indonesia's tax office has announced several tax incentives for oil and gas contractors operating in the country.
August 21, 2019
Nur Yasmin & Dion Bisara, Jakarta – The tax office has dashed hopes for a second tax amnesty over concerns that this may erode its credibility.
August 16, 2019
Maikel Jefriando, Tabita Diela, Jakarta – Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spendi
August 2, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati is open to the idea of giving taxpayers a second chance to come clean about assets kept abroad amid calls from the public, particularly
July 24, 2019
Jakarta – The Taxation Directorate General is now preparing a mechanism to collect taxes from all activities in the digital economy, not only trading in marketplaces, but also all acti
July 22, 2019
Jakarta – The Taxation Directorate General has revoked a regulation on individual income tax to simplify the tax calculation process and ensure legal certainty.
July 18, 2019
Bambang Nurbianto, Jakarta – Finance Minister Sri Mulyani Indrawati says the slow growth of tax revenues in the first half of 2019 was caused by the implementation of a tax refund acce
July 17, 2019
Jakarta – The Finance Ministry has projected a revenue shortfall of Rp 140 trillion (US$10.02 billion) from the revenue forecast of Rp 1.58 quadrillion in the 2019 state budget, and th
July 9, 2019
Jakarta – President Joko "Jokowi" Widodo has issued a regulation on major tax deductions aimed at boosting investment, research and development (R&D) as well as the participation o
Made Anthony Iswara, Jakarta – The government and the House of Representatives on Monday agreed to revise down the tax to gross domestic product (GDP) ratio assumption for the 2020 sta
July 5, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati has revealed on Tuesday that last year's state budget recorded a deficit of Rp 269.4 trillion, or 1.81 percent of gross domestic produc
July 4, 2019
Retno Ayuningtyas, Jakarta – The Tax Office has said it does not have enough time to execute a plan to cut the corporate income tax from 25 percent to 20 percent by the end of this yea
July 1, 2019
Adi Ahdiat, Jakarta – The government has completed the next year's draft budget for ministries and state institutions.
June 25, 2019
Hendartyo Hanggi, Jakarta – Industry Minister Airlangga Hartarto said the government will continue making policy breakthroughs to make domestic businesses more attractive and able to d
June 24, 2019
Jakarta – Finance Minister Sri Mulyani Indrawati has expressed concern about a slowdown in tax revenue this year.
June 20, 2019
Dion Bisara & Novy Lumanauw, Jakarta – The government is prioritizing revisions to the corporate income tax law, seeking to cut the tax rate from 25 percent to 20 percent to attrac
May 28, 2019
Jakarta – The Supreme Audit Agency (BPK) on Tuesday gave unqualified opinion (WTP) opinion, the best audit grade, for the 2018 central government financial report.
May 21, 2019
Jakarta – The government targets a tax to gross domestic product (GDP) ratio of 11.8 to 12.4 percent in 2020, compared to this year's target of 12.2 percent.
Jakarta – The Indonesian Malt Beverage Industry Association (GIMMI) has welcomed the government's decision to exempt the Batam free trade and port zone (KPBPB) in the Riau Islands from
May 20, 2019
Jakarta – Referring to slow growth in tax revenue collection in the first four months of 2019, the Center for Indonesia Taxation Analysis (CITA) projects the country will collect Rp 1.
Jakarta – Finance Minister Sri Mulyani Indrawati has said Indonesia is to still face a tough external economic challenge in 2020 because of an adverse geopolitical situation that was p
May 14, 2019
Jakarta – The government has been urged to find ways to increase state revenue, which grew only 4.9 percent year-on-year (yoy) in the first quarter, much lower than the 12.6 percent gr
May 8, 2019
Jakarta – The Directorate General of Taxation reports that only 768,000, 52.24 percent, of all companies and other institutions submitted tax returns (SPT) for 2018 by Thursday's deadl