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Academia 1 year ago
PREMIUM
VAT hike sparks criminal risks for entrepreneurs
The recent VAT hike has created a dual rate system that presents liabilities to both entrepreneurs and consumers, pointing to a need for accountability on the part of the public in understanding regulations as well as on the part of government in terms of outreach to ensure effective implementation and to avoid penalizing potential errors resulting from regulatory missteps.
Academia 1 year ago
PREMIUM
Prabowo’s bloated cabinet: Beware of political ‘cholesterol’
The expansion in cabinet size has not been paralleled by improvements in governance outcomes. According to World Bank data, Indonesia's regulatory quality score stood at 59.43 in 2022, reflecting a decline from 61 in 2021.
Academia 2 years ago
PREMIUM
Preventing circumvention of AEOI obligations
A core element in ensuring effective implementation of the Automatic Exchange of Financial Account Information (AEOI) is that participating jurisdictions shall put in place anti-abuse rules to prevent any practices intended to circumvent the reporting and due diligence procedures.
Academia 2 years ago
PREMIUM
Navigating EU green wave: Indonesian exporters brace for EUDR impact
Quickly adapting to the EUDR requirements and embracing sustainable practices not only opens up greater access to the EU market but also presents an opportunity for Indonesian companies to position themselves as global leaders in sustainable commodity production
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