TEMPO.CO, Jakarta – Conventional business regulations are hampering the collection of e-commerce taxes by the Directorate General of Tax. The prevailing tax regulations require the physical presence of taxpayers in tax reporting. “In the digital era, the physical presence is no longer important. People can work and make money anywhere,” Tax DG official Ahmad Sadiq Urwah said […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani said that the government will demand FreeportIndonesia to pay higher taxes compared to the previous contract. The issue is one of four points in the contract extension negotiation with the mining company. “We will announce the details later,” she said yesterday. The government has called on Freeport to follow the prevailing […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia Governor Agus Martowardojo estimates that Indonesia`s balance of payments (NPI) in 2017 stands at around seven billion US dollars. The former finance minister explained that the figure is lower compared to last year’s surplus of 12 billion US dollars. A 12 billion US dollars surplus in 2016 was possible thanks to the […]
Read MoreTEMPO.CO, Jakarta – The electric car industry in Indonesia has not developed as it is mainly hampered by the high tax rate. According to I Gusti Putu Suryawirawan, Director General of metal industry, engineering, transportation, and electronics at the Industry Ministry, most electric vehicles are designed to be powered by four wheels. Indonesia charges taxes for four-wheel […]
Read MoreKasikornbank has taken a 9.99% stake in Bank Maspion Indonesia for US$20 million to help strengthen its regional presence, the bank said on Monday. The price paid was 615 rupiah (S$0.06) per share, nearly 62% premium to the stock’s closing price on Friday. The shares traded over 2% higher on Monday. “Bank Maspion is the […]
Read MoreJAKARTA – Thousands of ATMs and electronic card payment machines in Indonesia went offline over the weekend, and it might take two more weeks before full service is restored, after an outage from a satellite belonging to state-controlled telcom giant PT Telekomunikasi Indonesia (Telkom). Around 15,000 ground sites across Indonesia were affected by the problem […]
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