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tax-revenue

Govt weighs VAT cut to boost sluggish consumption
Regulations 4 months ago

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Govt weighs VAT cut to boost sluggish consumption

Indonesia has long struggled to lift its tax-to-GDP ratio beyond the 10 percent mark, with the figure worsening from 10.3 percent in 2023 to 10.08 percent last year.
Indonesia’s fiscal trap: Four pillars of a coming crisis
Academia 4 months ago

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Indonesia’s fiscal trap: Four pillars of a coming crisis

While the official spin on debt and deficit ratios sound reassuring, the reality is that state revenues are shrinking, debt service is rising and institutions are bending under political pressure.
Govt plans ‘fairer’ tax split, giving revenue to workers’ regions
Economy 5 months ago

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Govt plans ‘fairer’ tax split, giving revenue to workers’ regions

Experts cautioned that the policy could unintentionally encourage companies to hire only workers who live nearby. 
Tax revenue down 10% yoy in May amid payment shifts, policy changes
Regulations 8 months ago

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Tax revenue down 10% yoy in May amid payment shifts, policy changes

Mirroring a fall in tax collection, state revenue also declined to Rp 995.3 trillion (US$61 billion) in May, down by 11 percent from Rp 1.1 quadrillion in the same period last year.
Govt won’t raise taxes, plans to lower rates: Hashim
Regulations 9 months ago

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Govt won’t raise taxes, plans to lower rates: Hashim

Hashim Djojohadikusumo, a top adviser to and brother of President Prabowo Subianto, said the government is seeking ways other than increasing tax rates to shore up tax revenue.
Fiscal revenue down 17% yoy in first quarter
Economy 9 months ago

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Fiscal revenue down 17% yoy in first quarter

In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in the first three months of this year compared to the first quarter last year amid weaker corporate earnings.
Serving new civil servants
Editorial 11 months ago

Serving new civil servants

The government's short-sighted decision to delay the start date of 1.2 million new civil servants and contract employees could trigger a chain reaction of adverse impacts on public services, the economy and other areas, not least the Prabowo administration's approval ratings.
2024 state revenue likely to miss target, says Sri Mulyani
Economy 1 year ago

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2024 state revenue likely to miss target, says Sri Mulyani

The government had aimed to collect as much as Rp 2.8 quadrillion (US$172.7 billion) in state revenue last year. As of November, collection amounted to Rp 2.49 quadrillion, 89 percent of the goal.
Corporate tax revenue plunges 23% yoy as commodity prices normalize
Economy 1 year ago

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Corporate tax revenue plunges 23% yoy as commodity prices normalize

 “Our state revenue experienced extraordinary pressures until July or August," Finance Minister Sri Mulyani Indrawati said in a press briefing on Wednesday
VAT hike faces backlash all around
Regulations 1 year ago

PREMIUM
VAT hike faces backlash all around

Business associations and netizens have expressed disapproval of the planned value-added tax (VAT) hike set to go into effect at the turn of the year, arguing that the timing is not right as spending power has been losing vigor.
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