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

... national economic recovery," Bank Indonesia Governor Perry Warjiyo said ... net, debt restructuring, and tax breaks. The government finance ... the 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, the ... 2008 Law on Income Tax, the 2009 Law on Value ... Added Tax, and Tax on Luxury Goods Sale Tax, and the ...

Jokowi Unveils $186b Budget, Focuses Recovery Efforts on IT, Healthcare, Food Security

... the Covid-19 pandemic undermined tax revenue and raised spending ... until next year, and Indonesia must prepare to spend more ... including the remotes area, in Indonesia by 2022. "Therefore, it ... for various programs to enhance Indonesia's food security. "[The ...

TikTok, Facebook, Disney, Apple Agree to Collect 10% VAT for Indonesia

... to collect value-added tax on digital services or ... transactions that until recently go tax-free. Hestu Yoga Saksama, ... collect and report the tax" to the tax office. So from ... sovereign wealth fund Temasek estimated Indonesia digital economy would triple ...

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

... 6 billion stimulus package as Indonesia's economy now likely ... policy by not only buying Indonesia's sovereign bonds directly from ... 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 ... than Singapore's corporate income tax rate, the Finance Ministry ... the Covid-19 pandemic to Indonesia's economy. Further cuts for ... said. Today, Indonesia imposes a 2.5 percent final tax on any ...

Your Covid-19 Donations Now Tax Deductible

... . The government has granted tax cuts and incentives to individuals ... and all the people of Indonesia in facing the Covid-19 ... regulation about the Income Tax Facilities Regarding the Covid- ... their contributions from their income tax bill, Hestu said. Third, ...

Stimulus Spending Faces Delays as Indonesia Braces for Q2 Contraction

... could exaggerate the drag to Indonesia's economy, which is expected ... 's Rp 120.6 trillion tax incentives. Sri Mulyani said only ... of the budget for the tax incentives has been spent. Sri ...

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

Jakarta. Indonesia's state budget deficit is ... as the government projects lower tax revenue despite bills piling up ... 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

Jakarta. Indonesia has not reacted to United ... confirmed Indonesia would start collecting a 10 percent value-added tax on ... Turkey, the United Kingdom and Indonesia. Febrio Kacaribu, the head of ... in a teleconference on Thursday. Indonesia is now in a negotiation ...