But are economists getting too excited? Indonesia surprised with its strongest growth in 10 quarters in April-June, spurring some economists to predict it will outperform most Southeast Asian nations the rest of this year. However, others cautioned that Indonesia needs… Read More ›
Tax Amnesty in English
Government recalculating tax receipt projections
The Indonesian government is recalculating its 2016 tax receipt projections in the light of more realistic understanding of the present economic conditions. Chief Economic Minister, Darmin Nasution said after attending a coordination meeting of the Regional Inflation Control Team (TPID)… Read More ›
RPT-Indonesia’s tax amnesty could give corporate bond market a boost
Aug 5 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’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 ›
Tax amnesty and challenges ahead in Indonesian banking
Financial disintermediation has become an important issue in the Indonesian banking system. If third-party funds (deposits) and loans grew by 18.2 percent and 25.5 percent in 2011, they would have accumulated only 6.9 percent and 10.5 percent interest, respectively, in… Read More ›
Tax Amnesty Target Remains Unchanged: Minister Sri Mulyani
Jakarta – Finance Minister Sri Mulyani Indrawati said that the government would not revise the state revenue target for the tax amnesty program set at Rp 165 trillion (US$12.6 billion) despite budget cuts in the Revised 2016 State Budget. “This is… Read More ›
Tax Amnesty Program: Tax Offices to Open on Saturdays Too
Jakarta – In a bid to provide more opportunities for tax payers to pay taxes under the Tax Amnesty scheme, Directorate General of Taxes opens all tax offices in Indonesia until Saturday. Director of Socialization, Services and Public Relations of the Tax Directorate… Read More ›
Round Two against tax dodgers for Indonesia’s new finance chief
Six years after bowing out of a bruising battle to make Indonesian tycoons pay taxes, new Finance Minister Sri Mulyani Indrawati is back to finish what she started – this time with the full backing of reformist President Joko Widodo…. Read More ›
Property firms home in on Jakarta’s tax amnesty
INDONESIANS who have stashed billions of dollars abroad over the years can now bring their hoard safely back home – literally, to a newly bought condo. That was the pitch from Intiland Development and other Indonesian property developers that aim… Read More ›
What You Need to Know about Indonesia’s New Tax Amnesty Law
The Indonesian Government recently issued the long-awaited and anticipated Tax Amnesty Law (Law No. 11 of 2016). Discussion of a possible tax amnesty began in 1998, as part of a larger projected overhaul of the tax system in Indonesia. However,… Read More ›
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