Gov't Moves to Address Lingering Demand Weakness as Trade Data Underwhelm

... by 19 percent and provided tax cuts for new car ... deeper than estimations." The import data reflected January's low ... covers business incentives in various tax cuts, amounting to Rp ... brokerage, said the government tax stimulus would encourage the automotive ...

Trump's Indonesian Partner Gets Special Govt's Treatment for $2.4b West Java Resorts Project

... came with various tax incentives and special tax facilities for ... value-added tax (PPN), sales tax on luxury goods (PPnBM), import duties, ... 2020 Finance Ministry Regulation about Tax, Excise and Duties Facilities ... for not paying income tax for 20 years, among ...

Finance Ministry Waives Taxes, Inspections for Coronavirus Vaccine Imports

... exempted from paying import duties, value-added tax, and a deductible ... income tax (PPh 22) on the import ... of novel coronavirus vaccine or import ... " can apply for the tax exemption and the customs facility ...

Blow to the Budget: Gov't Expects Deficit as Covid-19 Stimulus Erodes Revenue

... Ministry for Economic Affairs. The tax revenue would suffer, Sri ... the government now expects smaller tax collection from these businesses. The ... set to cut or suspend tax and duty payments in ... in the stimulus of exempting import duties," Sri Mulyani said. ...

Customs Office Simplifies Import Requirements for Medical Equipment

... it has simplified the import requirements for medical equipment ... prescribes the relaxation of import for certain types of ... ) for customs, excise and import tax exemption. Next, they have to ... can directly request the import declaration letter by submitting ...

Stimulus Aimed at Avoiding Recession as Covid-19 Hits Informal Sector Hard

... percent this year. Export and import could also contract by 16 ... healthcare spending, social safety net, tax breaks and debt restructuring for ...

Gov't Says $1.6b Income Tax Breaks Available Only in Manufacturing Sector

... . The government estimated the tax breaks would cost a total ... purposes (KITE) facility. "The [tax breaks] will be given for ... ," Sri Mulyani said. "The tax breaks should allow workers in ... looking for new sources to import raw materials. Alternative countries ...

Gov't to Waive Income Taxes for Six Months to Prop Up Economy Amid Covid-19 Outbreak

... will grant a six-month tax break for employees, manufacturers, and ... PPh 21. The ministry's tax office would waive the income ... must be paid when they import goods or raw materials (PPh ... , the government would expedite any tax restitution process, to ensure that ...

Indonesia's Automotive Industry Won't Hit the Brakes Anytime Soon

... of local components and tax incentives. The presidential regulation ... for the industry to import incompletely knocked-down or ... stakeholders. The incentives include tax deductions, financing for research ... taking advantage of special tax incentives offered by the ...

Indonesia Posts $25b State Budget Deficit in 2019

... deficit widened last year as tax revenues from commodity trade dropped ... China. Indonesia's export and import contracted by -1.2 percent ... less income from export and import taxes. "Our export fell ... investment was slow. Our [fuel] import decreased by 9.9 percent ...