Prima Wirayani, Jakarta – Bank Indonesia (BI) projects the country's balance of payments (BoP) will reach a surplus of US$7 billion this year from $12 billion last year.

Agnes Anya, Jakarta – In an attempt to net trillions of rupiah, the Jakarta Tax and Levy Board has called on associations and dealers of luxury cars to help them collect tax arrears from car owners

Jakarta – Finance Minister Sri Mulyani has said the government will continue to reduce its dependency on foreign debt, which is still needed to cover the deficit in the state budget because spendin

Prima Wirayani, Jakarta – The government has set a target to collect Rp 1.61 quadrillion (US$120.3 billion) in tax revenue next year, according to the proposed 2018 state budget read by President J

Jakarta – Finance Minister Sri Mulyadi Indrawati has admitted that the Directorate General of Taxation has not been able to optimally collect taxes from rich people because of regulation constraint

Jakarta – Some 1,700 luxury cars in Jakarta are not taxed, a city official has claimed.

Jakarta – Finance Minister Sri Mulyani Indrawati has told the public not to worry about the government debt and state budget deficit because they are in secured condition.

Jakarta – The Indonesian government plans to exclude sedan from the luxury goods category, effectively lowering the tax on the car model and helping carmakers set up local sedan manufacturing, Indu

Jakarta – Bank Indonesia (BI) reports that Indonesia's foreign debt reached US$333.60 billion, growing 5.50 percent year on year (yoy), in May, sparked by an increase in public-sector debt.

Jakarta – The International Monetary Fund (IMF) has said that Indonesia and other Asian countries need to increase their tax-to-gross domestic product (GDP) ratio to 15 percent so they can accelera

Jakarta – Finance Minister Sri Mulyani Indrawati has expressed concern over the country's low tax-to-gross domestic product (GDP) ratio.

Jakarta – The government has been advised to reduce its dependency on foreign debt in trying to cover the deficit in the state budget.

Jakarta – Coordinating Economic Minister Darmin Nasution says the government will propose to revise down its tax revenue target for the 2017 state budget to Rp 1.45 quadrillion (US$108.35 billion)

Jakarta – The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesia

Jakarta – Finance Minister Sri Mulyani has said there is no cause for concerning regarding government debt reaching Rp 3.67 quadrillion (US$274.23 billion) in April, Rp 201 trillion more than in De

Ayomi Amindoni, Jakarta – Taxation director general Ken Dwijugeasteadi has said he is not satisfied with the results of the first round of the tax amnesty program even though it has collected Rp 97

Prima Wirayani, Jakarta – It might have been a once-in-a-lifetime sight: hundreds, nearly a thousand, people flocking to the Taxation Directorate General's headquarters in South Jakarta to register

Anton Hermansyah, Jakarta – The Asian Development Bank has warned about the displacement effect of the tax amnesty program, arguing that the tax office's limited resources are primarily focused on

Prima Wirayani and Grace D.

Prima Wirayani, Jakarta – After a slow start, Indonesia has seen soaring redemption funds paid under the tax amnesty over recent days, a success the government attributes to taxpayers' increasing a

Indonesia plans to pursue Google's parent company Alphabet for five years of back taxes, meaning the search firm could face a bill of more than $400m for 2015 alone if it is found to have avoided p

Singapore/Jakarta – Private banks in Singapore are sharing with local police the names of clients embracing Indonesia's tax amnesty, banking sources revealed, a move that could undermine the amnest

Prima Wirayani, Jakarta – The government is turning to internet giant Google, which it claims owes unpaid taxes from its advertising revenue, as the latest data show that tax collection remains pit

Prima Wirayani, Jakarta – Repent and you shall be forgiven.

David Roman, Pooja Thakur Mahrotri, and Chanyaporn Chanjaroen, Singapore –Never mind that Singapore is experiencing one of the worst property slumps in its history, demand for luxury housing is sud

Prima Wirayani, Jakarta – As the end of the first phase of the tax amnesty approaches, with little so far to show from the much-vaunted policy, the noose has begun to tighten around the state budge

Jakarta – President Joko "Jokowi" Widodo hoped that his flagship tax amnesty policy would be the dawn of a new day for the country's economy, with billions of dollars of Indonesian funds stashed ov

Rendi A. Witular, Jakarta – Since its passing in late June, President Joko "Jokowi" Widodo's signature policy, the overly hyped tax amnesty program is projected to be a letdown.

Jakarta – Dozens of workers recently staged a rally in front of the Constitutional Court demanding the annulment of the Tax Amnesty Law, during the first hearing of their judicial review against th

Prima Wirayani, Jakarta – Pensioner Elyzabeth, 63, annually pays taxes for her car and a 0.25-hectare plot of land, but she has not declared both assets on her tax returns form (SPT).

Prima Wirayani, Jakarta – The government's tax amnesty bullets seem to be hitting the wrong targets as most people participating in the program so far are small taxpayers, not those who keep assets

Farida Susanty, Jakarta – A couple of months into the government's showpiece tax amnesty program, less than 1 percent of its targets have been met, even though President Joko "Jokowi" Widodo expect

Ayomi Amindoni, Jakarta – The Finance Ministry has admitted that the realization of the country's flagship tax amnesty during its first month of implementation was below target.

Ayomi Amindoni, Jakarta – Despite the high enthusiasm seen in every tax amnesty program dissemination event held throughout the country, the number of program participants are still below the gover

Prima Wirayani, Jakarta – Indonesia will need to offer more than tax incentives in order to propel competitiveness with its peers in ASEAN, especially if it wants to compete with renowned business

Prima Wirayani, Jakarta – Finance Ministry's taxation director general Ken Dwijugiasteadi expresses hope that corporate income tax can reach as low as 10 percent, from the current 25 percent, in th

Arya Dipa and Prima Wirayani, Bandung/Jakarta – As prospects dim over the repatriation goal of the tax amnesty, President Joko "Jokowi" Widodo appears to be turning up the heat on the middle class

Jakarta – The government announced on Tuesday that it had recorded Rp 989 billion (US$75 million) of declared assets in its tax amnesty program.

Grace D.

Prima Wirayani, Jakarta – Laborers have become the latest party to throw a punch at the Tax Amnesty Law as they appealed for a judicial review at the Constitutional Court on Friday, following in th

Ayomi Amindoni, Jakarta – Finance Minister Bambang Brodjonegoro has claimed that Singapore's move to cut tax rates and offer facilities to keep Indonesian assets from leaving the city state is a co

Ayomi Amindoni, Jakarta – President Joko "Jokowi" Widodo led the tax amnesty campaign team in Surabaya on Friday, undermining the activist-led effort to challenge the Tax Amnesty Law through a judi

Erika Anindita Dewi, Jakarta – A legal aid NGO plans to request a judicial review of the Tax Amnesty Law passed by the House of Representatives late last month, while the government is drafting the

Anton Hermansyah, Jakarta – Around half of the repatriated assets expected as a result of the tax amnesty are likely go to their owners own companies, a business representative believes.

Jakarta – The government is being too optimistic in setting a state revenue target of Rp 165 trillion (US$12.53 billion) for the tax amnesty program, says Indonesian Chamber of Commerce and Industr

Ayomi Amindoni, Jakarta – The Taxation Directorate General has decided to postpone a plan to collect credit card transaction data until the scheduled end of a planned tax amnesty in March next year

Ayomi Amindoni, Jakarta – President Joko "Jokowi" Widodo has officially inaugurated the Tax Amnesty Law on Friday, marking the beginning of the most-anticipated program to repatriate funds from ove

Markus Junianto Sihaloho – A budget watchdog is warning that the bill for state-funded trips this year will exceed Rp 23.9 trillion ($2.6 billion), almost 10 times the amount allocated

Dion Bisara – The government plans to conduct a nationwide census that could boost the number of tax-paying residents by more than 25 percent by 2013, in a bid to increase revenue after

Jakarta – A group of non-government organizations have called the 2010 Law on the 2011 State Budget "unconstitutional" for alledgely failing to provide adequate funds to improve people'