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 ...

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 ...