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View all search resultsThe tax office is encouraging individuals to file their SPTs online as it has suspended direct face-to-face services in compliance with the government's social distancing policy to help limit the spread of COVID-19.
The country recorded debt of Rp 4.82 quadrillion in January, a 30.21 percent debt-to-GDP ratio. The last time Indonesia recorded debt-to-GDP ratio of above 30 percent was during the 2008 financial crisis at 30.25 percent.
Indonesia’s 2020 state budget deficit may further widen to 2.8 percent of gross domestic product, much higher than the government’s target, as tax reforms are to result in lower revenue collection, economists say.
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