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

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

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

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

Jakarta – The government's plan to increase value-added tax and widen its coverage triggers controversy. The key is build public trust.

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

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

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

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

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

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.

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

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

Nurhastuty K.

Rieka Rahadiana, Eko Listiyorini and Claire Jiao – Indonesia is offering made-to-measure incentives and, potentially, carbon offsets as it competes for investment.

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

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

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).

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

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

Adrian Wail Akhlas, Jakarta – Indonesia has collected Rp 297 billion (US$20.9 million) from 22 digital technology companies under the new digital tax, the Finance Ministry's Taxation Di

Eisya A.

Adrian Wail Akhlas, Jakarta – The government has once again adjusted its Rp 695.2 trillion (US$47 billion) pandemic stimulus to include funding for a sovereign wealth fund, vaccine proc

Adrian Wail Akhlas, Jakarta – Tax incentives stipulated in the recently passed Job Creation Law have raised questions among economists over whether they can attract investment and boost

Adrian Wail Akhlas, Jakarta – As only Rp 30 trillion (US$2.04 billion) of the government's tax breaks for businesses and individuals had been realized to date, far below its intended ta

Adrian Wail Akhlas, Jakarta – Indonesia needs broad-based tax reform to boost its revenue in the long run so that the country can minimize the impact of spending adjustments and fund it

Adrian Wail Akhlas, Jakarta – The government will not slash the vehicle tax (PKB) on new cars for individuals and businesses to zero percent this year, Finance Minister Sri Mulyani Indr

Adrian Wail Akhlas, Jakarta – Indonesia has added eight more technology companies to a list of "VAT collectors" – businesses that must charge 10 percent value-added tax (VAT) on all goo

Dzulfiqar Fathur Rahman, Jakarta – The Indonesian government has disbursed Rp 304.6 trillion (US$20.5 billion), or 43.8 percent of the Rp 695 trillion national economic recovery (PEN) b

Dzulfiqar Fathur Rahman, Jakarta – House of Representatives Commission IV approved on Monday a vastly increased Agriculture Ministry budget that is aimed at supporting the national econ

Adrian Wail Akhlas, Jakarta – Indonesia's state budget deficit swelled in August on the back of falling state revenue collection and increased government spending aimed at stimulating a

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

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

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

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

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 – 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

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

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

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