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tax-collection

State-owned companies promise higher dividends, stock buyback to help economy
Business 5 years ago

PREMIUM
State-owned companies promise higher dividends, stock buyback to help economy

All four state-owned banks have allocated larger dividends earlier than last year as the government struggles with low tax collection.
Challenges of implementing tax examination abroad
Opinion 5 years ago

Challenges of implementing tax examination abroad

Even though some economic jurisdictions are not Indonesia’s trading partners, the risk of tax avoidance remains because the assets of Indonesian taxpayers are parked in those countries.
Full salary: Manufacturing workers freed from six-month income tax burden
Business 5 years ago

Full salary: Manufacturing workers freed from six-month income tax burden

Workers in the manufacturing industry will not have to pay income taxes for six months as the government announced  measures to shield the economy from weakening economic activity against the backdrop of the coronavirus pandemic.
‘I did it!’: Six million taxpayers, including Sri Mulyani, report annual tax returns
Business 5 years ago

‘I did it!’: Six million taxpayers, including Sri Mulyani, report annual tax returns

The ministry announced that 6.27 million taxpayers had filed their annual tax returns as of Monday.
Indonesia announces $742m stimulus to shield economy from virus
Business 5 years ago

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Indonesia announces $742m stimulus to shield economy from virus

The government will also add Rp 1.5 trillion to housing loan and down payment subsidies for low-income Indonesians.
Government to unify regional taxes, punish recalcitrant administrations
Business 5 years ago

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Government to unify regional taxes, punish recalcitrant administrations

The government plans to unify regional taxes and impose fiscal punishments on regional administrations whose bylaws are not in line with the national policy in a bid to attract investment.
This week’s tax updates: Treaty with Singapore, omnibus bill submission
Business 5 years ago

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This week’s tax updates: Treaty with Singapore, omnibus bill submission

The government is amplifying tax collection efforts by submitting an omnibus bill on taxation to the House of Representatives this week as well as signing a double-tax avoidance agreement with Singapore.
Better tax collection needed as 2020 tax revenue target ‘hard to achieve’
Business 6 years ago

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Better tax collection needed as 2020 tax revenue target ‘hard to achieve’

The government expects to collect Rp 1.68 quadrillion (US$120.65 billion) in tax revenue this year.
Jakarta to go for stricter enforcement as it fails to meet tax target
City 6 years ago

PREMIUM
Jakarta to go for stricter enforcement as it fails to meet tax target

The Jakarta Tax and Levy Agency (BPRD) expects to collect Rp 40 trillion (US$2.8 billion) in tax revenues this year, 6.5 percent higher than last year but this figure is actually only 90 percent of the city's initial target of collecting Rp 44.5 trillion.
Fiscal deficit to soar amid sluggish tax collection
Business 6 years ago

Fiscal deficit to soar amid sluggish tax collection

The 2019 fiscal deficit could hit the worst-case estimate as the government plans to keep spending despite sluggish revenue collection.
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