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tax-to-GDP-ratio

Economy 4 years ago

PREMIUM
Tax ratio target raised to 9.5% of GDP this year

The Finance Ministry is banking on the implementation of new tax rules and continued economic recovery.

Business 6 years ago

PREMIUM
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.

Business 6 years ago

Tax to GDP ratio assumption revised down

The government and the House of Representatives on Monday agreed to revise down the tax to gross domestic product (GDP) ratio assumption for the 2020 state budget to 10.57 to 11.18 percent from the initial figure of 10.6 to 11.2 percent.

Business 6 years ago

Tax to GDP ratio targeted at 11.8 to 12.4 percent in 2020

The government targets a tax to gross domestic product (GDP) ratio of 11.8 to 12.4 percent in 2020, compared to this year's target of 12.2 percent.

Business 8 years ago

To grow fast, Indonesia needs 15% tax-to-GDP ratio: IMF

The International Monetary Fund (IMF) has said that Indonesia and other Asian countries need to increase their tax-to-gross domestic product (GDP) ratio to 15 percent so they can accelerate economic growth.