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taxation

Indonesia seals deal with Australia to exchange tax information
Business 5 years ago

Indonesia seals deal with Australia to exchange tax information

Indonesia’s tax office and its Australian counterpart have joined hands to exchange information as part of the latest efforts to fight tax avoidance, the Taxation Directorate General announced on Wednesday.
Sri Mulyani pledges to improve tax arrears accounting after ‘irregularities’ found
Business 5 years ago

Sri Mulyani pledges to improve tax arrears accounting after ‘irregularities’ found

“We are hoping the accounting system will be able to address some taxation issues that have been raised repeatedly by the BPK,” the finance minister told lawmakers.
After Spotify and Netflix, Indonesia eyes VAT collection from other tech firms
Business 5 years ago

After Spotify and Netflix, Indonesia eyes VAT collection from other tech firms

The Taxation Directorate General is in talks with several more technology firms to collect value-added tax (VAT) on sales after recently imposing such rules on six firms, including Amazon and streaming platform Netflix.
Focusing tax audits on high-net-worth individuals
Opinion 5 years ago

PREMIUM
Focusing tax audits on high-net-worth individuals

If the government imposes a wealth tax of just 2 percent on these HNWIs it could collect additional revenue of Rp 40.38 trillion, a sum more than enough to fund the Family Hope poverty alleviation program in 2020 (Rp 37.4 trillion). 
Imposing VAT on digital economy is never easy
Opinion 5 years ago

PREMIUM
Imposing VAT on digital economy is never easy

At least, there are two challenges for the enactment of this regulation. First, how do we get PPMSEs abroad to comply with domestic VAT regulations?
Caveats for value-added tax on digital products
Opinion 5 years ago

PREMIUM
Caveats for value-added tax on digital products

Despite a very positive impact on the economy in Indonesia, the new regulation on VAT for digital products will not be effective without comprehensive efforts to improve information technology in the Directorate General of Taxes (DGT) and cooperation with other countries.
Higher Netflix bill? Govt to charge VAT on imported digital goods, services starting July
Business 5 years ago

Higher Netflix bill? Govt to charge VAT on imported digital goods, services starting July

The 10 percent value-added tax will be imposed on all digital goods and services provided by foreign business entities starting July 1.
Tax office keeps tax return deadline as filings plunge amid COVID-19
Business 5 years ago

Tax office keeps tax return deadline as filings plunge amid COVID-19

Some 9.46 million taxpayers have filed their annual tax returns as of Friday, a decrease of 8.8 percent from 11.33 million taxpayers recorded during the same period last year.
Indonesia accelerates tax reforms, cuts corporate income tax in COVID-19 playbook
Business 5 years ago

Indonesia accelerates tax reforms, cuts corporate income tax in COVID-19 playbook

Finance Minister Sri Mulyani Indrawati said the government expected a 10 percent drop in tax revenue this year as a result of incentives for businesses to help them cope with COVID-19 and reduced non-tax revenue on account of falling commodity prices.
Government allocates $8b to stimulate economy as businesses, workers suffer from COVID-19 impacts
Business 5 years ago

Government allocates $8b to stimulate economy as businesses, workers suffer from COVID-19 impacts

The government announced on Friday a second and bigger stimulus package worth Rp 22.9 trillion (US$1.5 billion).
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