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 ...

Rights Activists Slam Corporate-Friendly Regulation on Pandemic Mitigation

Jakarta. Indonesia Corruption Watch's coordinator, ... points of the Perppu are tax incentives for corporations and ... KSSK), the Finance Ministry, Bank Indonesia – the central bank, the Financial ... Perppu contradicts the spirit of Indonesia's 1945 Constitution. She ...

Customs Office Simplifies Import Requirements for Medical Equipment

... battle the coronavirus epidemic in Indonesia. The new policy was based ... to the Finance Ministry's Indonesia National Single Window website. After ... ) for customs, excise and import tax exemption. Next, they have to ...

Gov't Offers Social Safety Net Program for Jakartans, Issues No Ban for Idul Fitri Exodus

... healthcare spending, social safety net, tax breaks and debt restructuring for ... epicenter of the epidemic in Indonesia. The president said neighborhood units ...

Pandemic Pushes Gov't to Collect Zoom, Netflix Taxes Earlier Than Planned

Jakarta. Indonesia will start collecting tax from digital services, ... slowdown. Initially, the tax collection was made part ... a representative office in Indonesia but are doing big ... Under the previous tax code, Indonesia can only tax companies that register ...

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

... a teleconference on Wednesday. Indonesia, the largest economy in ... (KSSK), which includes Bank Indonesia – the central bank, the ... this sector would undermine Indonesia's household consumption, which ... , social safety net, tax breaks and debt restructuring ...

Indonesia Drops 3% Budget Deficit Cap for $25b Covid-19 Stimulus

... based DBS Bank, estimated Indonesia's economy would expand by ... be bought directly by Bank Indonesia, the central bank. "Without ... healthcare, social safety net, tax breaks and restructuring business loans ... to pay for various tax breaks and postponement of ...

Customs Waives Excise on Ethyl Alcohol, Main Ingredient for Hand Sanitizer

Jakarta. Indonesia's Directorate General of Customs ... provide technical guidance on the tax exemption and speed up services ...

Stock Market Hits Third Circuit Breaker as Covid-19 Worries Worsen

... Bank Central Asia, Bank Rakyat Indonesia, Bank Mandiri and Bank Negara ... Indonesia. Farash Farich, the head of ... government bonds, after-tax," Farash said. The Indonesia Stock Exchange's price ...

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 ... maintain purchasing power," she said. Indonesia has 19 million workers in ...