The Finance Ministry has said that large repayments for overpaid value-added tax (VAT) in the manufacturing sector had reduced the tax revenue in January to Rp 86 trillion (US$6.10 billion). Taxation Directorate General spokesman Hestu Yoga Saksama said on Thursday that gross tax revenue grew 11.49 percent in January to Rp 105.28 trillion, but the obligation to repay VAT overpayments had reduced growth to 8.82 percent […]
Read MoreJAKARTA: In the near future, digital technology will deeply influence the country’s development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister. For that purpose, the government has vowed to issue or revise at least five regulations related to the sector. They are a government regulation on eCommerce, a personal data protection […]
Read MoreThe Taxation Supervisory Committee (KPP) has suggested that digital marketplace service providers need incentives to balance out the additional burden of a new regulation on tax treatment for e-commerce transactions. The KPP is an independent committee that is tasked with monitoring taxation policy and implementation. The committee, which reports directly to the Finance Minister, called for improvements to tax policy. KPP […]
Read MoreThe Trade Ministry is preparing a regulation on e-commerce that will promote domestic products, the ministry’s domestic trade Director General Tjahya Widayanti said. “The draft of the e-commerce regulation is being finalized,” Tjahya said in Jakarta on Wednesday as reported by Antara. Under the draft regulation, e-commerce marketplaces would be required to display local products on their platforms. Tjahya said the […]
Read MoreIndonesia ranks third among the most optimistic countries globally, after India and the Philippines, according to the Conference Board Global Consumer Confidence Survey, which was conducted in collaboration with Nielsen. Nielsen’s press release issued on Wednesday said Indonesian consumers’ level of optimism in the fourth quarter of 2018 was stable, with a consumer confidence index (CCI) […]
Read MoreAfter joining 120 countries in the Automatic Exchange of Information in 2018, the tax office has obtained information about the wealth of Indonesian nationals that is deposited in financial institutions in 65 countries, according to the Finance Ministry’s Taxation Directorate General. Taxation Director General Robert Pakpahan said the tax office was scrutinizing the data. “We are cross-checking […]
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