President Joko Widodo is due to meet with entrepreneurs and taxpayers in Bandung, West Java, on Monday, to discuss the government’s tax amnesty programs. The visit to Bandung is a part of the President’s talks and meetings with prominent businesspersons… Read More ›
Tax Amnesty in English
Indonesia’s tax amnesty could give corporate bond market a boost
JAKARTA – Indonesian firms are preparing to hit the debt markets with the repatriation of offshore wealth from the country’s new tax amnesty expected to boost investor demand for products such as corporate bonds, lowering companies’ borrowing costs. Companies including… Read More ›
Indonesia Consumer Demand Up
JAKARTA –Indonesian firms ranging from restaurant chains to snack makers are stepping up investment and launching new products as improving economic conditions and easier access to credit drive a spurt in consumer demand in the country of 250 million people…. Read More ›
Sri Mulyani Inaugurates Tax Amnesty One-stop Service
Finance Minister Sri Mulyani Indrawati has inaugurated tax amnesty one-stop service in 20 representative offices of the Indonesia Stock Exchange (IDX). The inauguration was carried out during an event marking 39 years of the Indonesia Stock Exchange reactivation, Wednesday, August 10,… Read More ›
ANALYSIS; Tax amnesty: Repatriated money and economic growth
The government has promulgated the Tax Amnesty Law since July 1 and issued a number of implementing regulations afterwards. As a result of the implementation, state revenue in the short term is expected to increase from the payment of penalties… Read More ›
With Tax Amnesty Out the Way, Indonesia Seeks to Lure Investors
After successfully pushing through a tax amnesty law to bring back funds parked overseas, Indonesia’s next key economic agenda item is improving the business climate and directing investment into the processing of commodities, the finance minister said. To attract investment… Read More ›
Papua government supports tax amnesty program
JAYAPURA — The Papua provincial government is supporting the implementation of the tax amnesty program in an attempt to boost economic growth in Indonesia. “The policy is a strategic program to encourage businesses to report their wealth,” advisor to the… Read More ›
Jokowi to meet entrepreneurs in Bandung
BANDUNG. President Joko “Jokowi” Widodo is due to meet with entrepreneurs and taxpayers in Bandung, West Java, on Monday, to discuss the government’s tax amnesty programs. “The President will also visit the Institute of Public Administration (IPDN) for the same… Read More ›
Tax Amnesty Target will not be Revised, Sri Mulyani Says
Jakarta – Although the tax amnesty program had only managed to repatriate 0.1 percent of the total target fund, Indonesian fiscal authority is adamant on not revising the Rp. 165 trillion target. In the tax amnesty website accessed on Sunday, August… Read More ›
Indonesian Growth Beats Forecasts as Widodo Spending Surges
Indonesia’s second-quarter growth beat expectations as President Joko Widodo’s government embarked on a spending spree to boost an economy grappling with a slowdown in China and low commodity prices. Gross domestic product increased 5.18 percent from a year earlier, compared… Read More ›