Tuesday, July 16, 2019

Tax revenue

Tax revenue

Indonesia’s foreign debt reaches US$375.5 billion

Jakarta -- Indonesia's foreign debt reached US$375.5 billion in late January or a 10.3 percent growth compared to the same month last year, Bank...

Oil palm agency collects Rp 2.1t in export tax toward biodiesel incentive

Jakarta -- Indonesian Oil Palm Estate Fund (BPDP-KS) has collected Rp 2.1 trillion (US$147 million) in taxes imposed on palm oil exports in first...

Indonesia’s Budget Deficit Narrows in January Thanks to Higher Oil Price

Jakarta -- Indonesia ended the first month of the year with a lower budget deficit compared with the same period last year, as a...

E-commerce association calls for public test of new tax regulation

Jakarta -- The Indonesian E-Commerce Association (idEA) has called on the Finance Ministry to carry out a public trial before fully enforcing a new...

Gov’t to Lower Income Tax for Conventional, Online SMEs

Jakarta -- Indonesia will cut final income tax on small and medium enterprises by half and also impose taxes on e-commerce businesses to even...

Too high tax revenue target frightens businesspeople

Jakarta -- This year the government is set to increase tax revenue by 10.94 percent of Rp 1.94 quadrillion (US$99.39 billion) as stipulated in...

Travelers can now bring in goods worth $500 duty free

Jakarta -- The government has increased the allowance for items bought abroad that travelers may bring into the country duty free. The threshold beyond...

Indonesia backpedals on coal production cap

Jakarta -- It is unlikely that Indonesia will set a cap on coal production in the near future due to uncontrollable coal mining activities...

Indonesia needs to focus on upper-middle-income taxpayers

Jakarta -- The World Bank has said newly appointed Director General of Taxation Robert Pakpahan, who assumed office on December 1, needs to create...

Economy stable, govt to study purchasing power

Jakarta -- The Financial System Stability Committee (KSSK) has recorded stable economic conditions up to the third quarter this year, but it has also...

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