JAKARTA (BLOOMBERG) – Indonesia seeks to cast a wider net to tax more high-income individuals and top polluters in a bid to replenish its state coffers. The Finance Ministry presented the proposals – which could be part of key reforms this year – to a parliamentary commission this week. The government needs to collect more […]
Read MoreJAKARTA (Reuters) – Indonesia is considering introducing an alternative minimum tax in a bid to prevent tax avoidance by companies, Finance Minister Sri Mulyani Indrawati told Parliament on Monday, providing more details in her proposals for sweeping tax reforms. “The tax reforms are designed to create fairness and equality for companies. Especially for those that so […]
Read MoreThe recent mega-merger of the Indonesian super-apps Gojek and Tokopedia — essential fixtures in the daily lives of tens of millions of people — has lent new urgency to the need for better personal data protection in the country. Analysts say the biggest business tie-up in Indonesian history should prompt lawmakers to speed up deliberation […]
Read MoreJAKARTA: Indonesia’s government proposed to parliament on Thursday a shakeup in tax policy, including introducing new levies, to help it boost next year’s revenues while reducing the budget deficit, the country’s finance minister said. While the proposal brought up at parliament’s plenary meeting lacked details, it was still met with objections from several lawmakers who […]
Read MoreThe emergence of new Covid-19 variants is expected to weigh on Indonesia’s economic recovery and may cause the government to miss its target of growth between 4.5 and 5.3 per cent this year. The government reported on May 17 that 24 cases involving new variants, including sub-variants of B.1.617, also known as the Indian variant, […]
Read MoreAFP – Two of Indonesia’s most successful start-ups are to merge, the companies announced yesterday, creating the largest tech firm in the world’s fourth most populous country. Ride-hailing and payments giant Gojek and e-commerce firm Tokopedia – which generated transactions worth a combined $22 billion in 2020 – agreed to form the GoTo Group, they said […]
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