ASEAN Economic Community Strategy Center

Indonesia: Increased tax refunds causes decline in revenue

The simpler process of claiming tax refunds has caused an increase in claims over the past few months and cut into the tax revenue, the tax office has said. The Finance Ministry’s Taxation Directorate General said that revenue from value-added tax (VAT; PPN in Indonesian) and luxury tax (PPnBM) had fallen as of recently, as it had […]

Indonesia: Govt agrees to three IRTC policies to boost rubber prices

The Indonesian government has announced three new policies that aim to jack up the price of natural rubber, which has hit a record low since 2018. Coordinating Economic Minister Darmin Nasution said the new policies would restrict natural rubber exports, expand the domestic use of rubber in construction, and replant rubber plantations. “With these three policies, we believe we […]

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Indonesia: Increased tax refunds causes decline in revenue

Indonesia: Govt agrees to three IRTC policies to boost rubber prices