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

... as the government projects lower tax revenue despite bills piling up for ... projected Rp 1,761 trillion. Tax, customs and excise revenues are ... 1,463 trillion outlook. Non-tax revenues are expected to reach ...

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

... begun investigating digital service tax proposals from the European ... government sought to increase tax revenue and find extra funding ... said the digital services tax is unfairly targeting US ... trading partners are adopting tax schemes designed to unfairly ...

Kalbe Farma and South Korea's Genexine to Start Human Trial for Covid-19 Vaccine

... largest listed pharmaceutical company by revenue, is set to conduct human ... plan to cut corporate income tax from 25 percent to 22 ...

What About Us?: Indonesia's Private Employers Demand More Stimulus

... third of Indonesia's annual tax revenue. Gita said the growth of ... for the government's various tax cuts, they would be meaningless ... place. "We need more than tax cuts. We also need subsidies ...

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

... in at least three decades. Tax revenue is also expected to shrink ...

Indonesia Eyes Biggest Deficit in Three Decades as the Country Sets to Cut Corporate Income Tax

... said. The ministry estimated tax revenue would shrink 9.2 percent ... , while non-tax revenues, including dividends from ... government also provides various tax incentives for SMEs and ... the government also expanded tax incentives so that more businesses ...

Indonesia to Start Collecting 10% VAT From Netflix, Spotify in July

... threshold, should collect the tax from the customers, and ... government every month. The tax office would later determine the ... , collecting the value-added tax on digital products from abroad ... also expected to increase state revenue, which currently is a ...

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

... translated to an increase in revenue for the companies. "[In fact ... providing free upgrade services. Our revenue remains steady, but our costs ... 2018 Law on Non-Tax State Revenue allows such a relief to ...

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

... , eroding the state revenue as the government is ... s largest foreign exchange revenue generator, has already taken ... for Economic Affairs. The tax revenue would suffer, Sri Mulyani ... tax and duty payments in 19 manufacturing subsectors. "Customs and excise revenue ...

Indonesia to Spend $744m to Woo Tourists Scared Off by Coronavirus

... of $500 million in tourism revenue per month. Regions most ... ($744 million) in subsidies, tax cuts and accelerated cash-transfer ... initial plan. Influencers, Discounts, Tax Cuts The government will also ... 3 trillion to foot the tax bills, Airlangga said. Airlines ...