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 of businesses in improving Indonesia’s human resources. Under Government Regulation (PP) No. 45/2019 on the calculation of taxed income and expansion of income tax in the current year, which was […]
Read MoreJAKARTA: Indonesia on Tuesday rolled out corporate tax breaks for labour-intensive industries and R&D investments in a bid to create jobs in Southeast Asia’s biggest economy. They are part of a series of tax measures aimed at boosting investment and accelerating economic growth amid signs that the government’s 2019 growth target of 5.3% may be […]
Read MoreFinance Minister Sri Mulyani Indrawati on Monday announced the establishment of two directorates under the ministry’s Taxation Directorate General in trying to boost revenue from the digital economy. “We have learned from a number of countries. Therefore, we decided to establish a team dedicated to develop the information system,” she said after launching the operations […]
Read MoreThe government and the House of Representatives on Monday agreed to revise down the tax to gross domestic product (GDP) ratio assumption for the 2020 state budget to 10.57 to 11.18 percent from the initial figure of 10.6 to 11.2 percent. This year, the tax to GDP ratio was projected at 12.2 percent. Meanwhile, the […]
Read MoreThe prolonged trade war between China and the United States has prompted at least two Chinese toy makers to relocate their assembly plants to Indonesia, the Indonesian Toy Makers Association (AMI) said on Sunday. AMI chairman Sutjiadi Lukas said two Chinese investors had expressed interest in constructing factories in Indonesia for assembling baby strollers and wooden toys. He […]
Read MoreTransportation Minister Budi Karya Sumadi has said that the government plans to operate Tanjung Priok Seaport in North Jakarta, the country’s largest port, for 24 hours seven days a week in trying to boost exports. He said all sections at the port – the port office, customs and excise office, immigration, port operator, banks and other stakeholders – would also be […]
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