BI Bets on Record Low Rate, Zero Down Payment to Woo Consumers to Spend

... economic recovery momentum," Bank Indonesia Governor Perry Warjiyo said on ... luxury sales tax, starting next month. "Moving forward, Bank Indonesia will continue ... to direct all policy instruments towards supporting ...

Bank Indonesia Surprises With 25bps Rate Cut as Gov't Confident the Worst Has Passed

... policy measures to expedite the national economic recovery," Bank Indonesia ... net, debt restructuring, and tax breaks. The government finance ... primary market. "Bank Indonesia remains firmly committed to ... Under the mechanism, Bank Indonesia gives back to the ...

Workers to Get Unemployment Benefits as Gov't, House Clear the Last Hurdle for Omnibus Bill

... reform that promises to improve Indonesia's investment climate. The bill ... on Labor, 2009 Law on Tax General Procedures and Provisions, ... Value Added Tax, and Tax on Luxury Goods Sale Tax, and the ... the one map policy in the law. The policy should eliminate ...

As Money Printer Goes Brrr, The Onus Is Now on Bureaucrats to Spend

... 6 billion stimulus package as Indonesia's economy now likely ... its unorthodox monetary policy by not only buying Indonesia's sovereign ... s base scenario now expects Indonesia to back to an ... additional spending, coupled with lower tax revenue amid the pandemic, ...

Indonesian Listed Companies to Pay Lowest Tax Rate in Southeast Asia

... of Indonesia's listed companies will enjoy a lower income tax rate ... the Covid-19 pandemic to Indonesia's economy. Further cuts for ... corporate income tax rate in Asia. "I think the policy is on ... , said. Today, Indonesia imposes a 2.5 percent final tax on any ...

Second Revision to State Budget Expected as Gov't Expands Covid-19 Relief Package

Jakarta. Indonesia's state budget ... the government projects lower tax revenue despite bills piling ... , the head of Fiscal Policy Agency (BKF) at the ... Rp 1,761 trillion. Tax, customs and excise revenues ... 463 trillion outlook. Non-tax revenues are expected to ...

No Comment, Just Yet: Indonesia Silent on Trump's Plan to Fight Netflix Tax

... Indonesia would start collecting a 10 percent value-added tax ... begun investigating digital service tax proposals from the European ... Indonesia. Febrio Kacaribu, the head of the Finance Ministry's Fiscal Policy ... said the digital services tax is unfairly targeting ...

Central Bank Buys $1.6b in Gov't Bonds and Set to Buy More

... at least three decades. Tax revenue is also expected ... counter the expanding deficit, Bank Indonesia (BI) Governor Perry Warjiyo ... bank's secondary reserve policy mandates a macroprudential liquidity ... financial market," Perry said. Indonesia saw a net foreign ...

What Covid-19 Teaches Us About the Next Pandemic

... – 2.5 percent of Indonesia's gross domestic product (GDP ... He has also suspended tax collection and shuffled resources inside ... case in point. Indonesia's industrial policy should be geared toward ... are ongoing, albeit slowly. Indonesia cannot rely on these trade ...

Telcos Demand Gov't Relief as Pandemic Sheds Revenues From Corporate Customers

... operation. "With work from home policy in place, almost all offices ... and content service providers across Indonesia. They include Link Net, Indosat ... government's work from home policy to try to limit the ... . A 2018 Law on Non-Tax State Revenue allows such a ...