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

Jakarta. Kalbe Farma, Indonesia's largest listed pharmaceutical company ... the Covid-19 vaccine [in Indonesia] could quickly obtain results so ... plan to cut corporate income tax from 25 percent to 22 ...

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

... drivers that has helped boost Indonesia's fiscal space by 15 ... around a third of Indonesia's annual tax revenue. Gita said the ... incentives. As it stands now, Indonesia only spends 2.7 percent ... Manufacturing contributed 20 percent of Indonesia's GDP in the first ...

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

... at least three decades. Tax revenue is also expected to ... counter the expanding deficit, Bank Indonesia (BI) Governor Perry Warjiyo ... Foreign Inflows Return Bank Indonesia also decided to keep ... financial market," Perry said. Indonesia saw a net foreign capital ...

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

... .2 percent, while non-tax revenues, including dividends from ... with government bonds issuance. Bank Indonesia, the country central bank, ... government also provides various tax incentives for SMEs and ... the government also expanded tax incentives so that more ...

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

... Jakarta. Indonesia will start collecting 10 percent value-added tax on ... threshold, should collect the tax from the customers, and ... million active internet users, Indonesia has grown to become ... collecting the value-added tax on digital products from abroad ...

Indonesia Extends Tax Breaks to Include All Sectors

... managed to boost the Indonesia Stock Exchange on Thursday, ... month, the government issued tax breaks for 19 subsectors in ... Sri Mulyani said. The tax breaks include leeways for individual ... Indonesian companies usually deduct the tax from employees' monthly salary ...

Indonesia Sees Rp 76t Deficit in Q1 Budget as Coronavirus Impact Begins to Hit

... further add pressures on tax revenues as restrictions are ... Sri Mulyani Indrawati said. Indonesia announced its first Covid-19 ... meaning that the upcoming tax revenues will shoulder heavy ... economic performance. Tobacco excise tax payment and state banks' ...

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 ... and Article 109 of the Indonesia Patent Act. Shortages and ... rules are ongoing, albeit slowly. Indonesia cannot rely on these trade ...

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

... and content service providers across Indonesia. They include Link Net, Indosat ... . A 2018 Law on Non-Tax State Revenue allows such a ...

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

... due to lack of visitors. Indonesia had 18 million foreign visitors ... 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 ...