indonesia - Tax & Revenue - News

Minister Indrawati to change Luxury Vehicle Sales Tax Scheme

Jakarta, Mar 12 (ANTARA) - Finance Minister Sri Mulyani Indrawati plans to change the scheme for imposing Sales Tax on Luxury Goods (PPnBM) for motorized vehicles, including no differentiation between sedans and non-motorized vehicles, and the imposition based on carbon emissions expenditure.
Date: 12 March 2019; Type: Legal News; Source: Antara

Finance Minister to probe Tax and Import Duties at Big Bad Wolf Expo

Jakarta, Mar 6 (ANTARA News) - Finance Minister Sri Mulyani Indrawati said that she would investigate the tax and import duties of all imported books sold at the 2019 Big Bad Wolf (BBW) Sale exhibition.
Date: 06 March 2019; Type: Industry Updates; Source: Antara

Finance Ministry mulls Income Tax Reduction on Corporate Taxpayers

Jakarta, Jan 8 (ANTARA News) - The Finance Ministry is considering a reduction in the tariff of income tax on corporate taxpayers to improve the competitive edge of the national industry.
Date: 08 January 2019; Type: Legal News; Source: Antara

Using Tobacco Tax to plug up BPJS Deficit Tax against Law

Jakarta, Sept 27 (ANTARA News) - The National Committee for Tobacco Control said the government regulation using revenue from tobacco tax to help plug up deficit in public health insurance (BPJS) is against the law.
Date: 27 September 2018; Type: Industry Updates; Source: Antara

50 per cent Cigarette Excise must be for Health Services: President

Jakarta, Sept 19 (ANTARA News) - President Joko Widodo laid emphasis here on Wednesday that 50 percent of the receipts from cigarette excise must be directed for health services.
Date: 19 September 2018; Type: Legal News; Source: Antara

Effective "tax refund" to be attractive for Foreign Tourists: Minister

Jakarta, Aug 3 (ANTARA News) - Minister of Tourism Arief Yahya believes that an effective "tax refund" policy will be the main attraction for shopping in Indonesia.
Date: 03 August 2018; Type: Legal News; Source: Antara

No Intention imposing Tax on Foreign Capital Yield: Perry

Jakarta, June 9 (ANTARA News) - Governor of Bank Indonesia Perry Warjiyo said he had no intention of imposing tax on yields of foreign capital flowing in or flowing out.
Date: 09 June 2018; Type: Industry Updates; Source: Antara

Government needs to impose Tax on e-Commerce Industry

Jakarta, Apr 18 (ANTARA News) - Transaction trends are currently shifting from the conventional system of direct cash payment to an online cashless system by capitalizing on the latest technology used in online trade or e-commerce activities.
Date: 18 April 2018; Type: Legal News; Source: Antara

Government to grant 20-Year Tax Holiday to Investment above RP30 Trillion

Jakarta, Mar 29 (ANTARA News) - The Indonesian government is to grant 20-year tax holiday in the form of corporate income tax-free incentives to investment worth more than RP30 trillion in pioneer industry, a Finance Ministry official said.
Date: 29 March 2018; Type: Legal News; Source: Antara

Timor Leste's Vehicles to be charged Insurance Fee

Kupang, E Nusa Tenggara, Mar 17 (ANTARA News) - All vehicles originating from Timor Leste will be charged insurance fee this year while entering the Indonesian territory, mainly in Belu District, East Nusa Tenggara, state-owned insurance company PT Jasa Raharja stated.
Date: 17 March 2018; Type: Legal News; Source: Antara

Government to reduce Income Tax Rate for SMEs

Jakarta, Mar 18 (ANTARA News) - The government will immediately reduce the annual income tax rate for Small and Medium Enterprises (SMEs) from one percent to 0.5 percent. "The step aims to boost the growth of SMEs. The regulation is under discussion," Puspita W. Surono, Finance Ministry's expert staff for tax supervision, noted in a press stat ...
Date: 18 March 2018; Type: Tax News; Source: Antara

Indonesia to offer More Interesting Tax Incentives for Investors

Jakarta, Mar 15 (ANTARA News) - The Indonesian government will offer more interesting tax incentives than other ASEAN countries, to lure more investment inflow, Finance Minister Sri Mulyani Indrawati stated.
Date: 15 March 2018; Type: Tax News; Source: Antara

Government lowers Tax on Small and Medium Businesses to 0.5 percent

Jakarta, Mar 7 (ANTARA News) - The Indonesian government is mulling to lower the amount of tax on small and medium businesses to 0.5 percent from 1 percent as of late March 2018. "Actually, I have proposed 0.25 percent but the finance minister rejected it. If the decline is that far it will have an impact on state revenues," President Joko Wid ...
Date: 07 March 2018; Type: Tax News; Source: Antara

Government to consider Non-Tax State Revenue in lowering Gas Price

Jakarta, Dec 29 (ANTARA News) - The decline in Non-Tax State Revenue (PNBP) from the gas sector will be taken into account if gas price for the industry is to be reduced, Coordinating Economic Affairs Minister Darmin Nasution stated.
Date: 29 December 2017; Type: Legal News; Source: Antara

Government to seek Tax Ratio Increase to meet Development Needs

Jakarta, Oct 31 (ANTARA News) - The Indonesian government wished to increase its tax collection to meet development expenditures which are projected to rise in the next three to four years.
Date: 31 October 2017; Type: Legal News; Source: Antara

House passes Perppu on Financial Information Access for Taxation

Jakarta (ANTARA News) - The House of Representatives (DPR), at a plenary session here on Thursday, passed Perppu Number 1 of 2017 on access to financial information for taxation purposes into law.
Date: 27 July 2017; Type: Tax News; Source: Antara

World Bank supports Tax Reform in Indonesia

Jakarta (ANTARA News) - President of the World Bank group, Jim Yong Kim, here on Tuesday expressed his support to the Indonesian governments plan on the tax reform program, which aimed to increase the state budgets income.
Date: 26 July 2017; Type: Tax News; Source: Antara

Finance Ministry advised to reconsider Plan to adjust Untaxed Income

Jakarta (ANTARA News) - The Indonesian Finance Ministry should reconsider its plan to adjust the limit of non-taxable income as the proposed threshold is too high, an observer said.
Date: 23 July 2017; Type: Legal News; Source: Antara

Ministry removes Oil, Gas Exploration Tax

Jakarta (ANTARA News) - The Ministry of Energy and Mineral Resources exempts oil and gas exploration taxes for those who want to invest in Indonesia.
Date: 20 July 2017; Type: Tax News; Source: Antara

Finance Ministry to review Tax Ratio

Jakarta (ANTARA News) - The Indonesian Finance Ministry is set to conduct a careful study to define the tax ratio following a plan to revise the threshold of untaxed income, Finance Minister Sri Mulyani Indrawati said.
Date: 20 July 2017; Type: Legal News; Source: Antara

INDUSTRY UPDATES

Malanjum keeping Mum about his Successor

KUALA LUMPUR, Mar 20 (Bernama) - Chief Justice Tan Sri Richard Malanjum, who is due for compulsory retirement in April only smiled broadly and chose to remain secretive when asked about his successor.

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MP Noh Omar expelled from Dewan Rakyat for Three Days

KUALA LUMPUR, Mar 19 (Bernama) - Tanjung Karang MP Tan Sri Noh Omar has been expelled from the Dewan Rakyat for three days from today.

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INDUSTRY UPDATES

ICC Prosecutors to be deported if they Probe Drug War

MANILA, Mar 18 (PNA) - Prosecutors of the International Criminal Court (ICC), who will enter the Philippines to investigate the Duterte administration’s war on drugs, may be deported, Malacañang said on Monday.

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Selangor wants tougher Environmental Laws

SHAH ALAM, Mar 17 (Bernama) - The Selangor government wants to enforce more stringent laws to address issues related to environmental pollution in the state, said Menteri Besar Amirudin Shari.

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INDUSTRY UPDATES

Rosmah's Graft Case transferred to High Court

KUALA LUMPUR, Mar 15 (Bernama) - The High Court here today allowed the prosecution's application to transfer from the Sessions Court to the High Court the case involving two graft charges filed against Datin Seri Rosmah Mansor, who is the wife of former Prime Minister Datuk Seri Najib Tun Razak.

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IBP condemns Slay of another Lawyer in DavNor

MANILA, Mar 14 (PNA) - The Integrated Bar of the Philippines (IBP) on Thursday urged authorities to take action on the latest killing of a lawyer, Rex Jasper Lopoz, who was gunned down last March 13 in front of a shopping mall in Tagum City, Davao del Norte.

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INDUSTRY UPDATES

IPOPHL brings IP-focused MCLE Program to Cebu

MANILA, Mar 14 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) will be mounting the 2019 edition of the Mandatory Continuing Legal Education (MCLE) this March in Cebu, to expand its education drive and reach out to IP practitioners in the Visayas.

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ASEAN aims at creating Future Digitally-Skilled Youths

Jakarta, Mar 14 (ANTARA) - Seven ASEAN member states, through the ASEAN Digital Innovation Programme initiated by the ASEAN Foundation in collaboration with Microsoft, aim to create digitally-skilled youths prepared to tackle challenges of the digital workspace in future.

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INDUSTRY UPDATES

Tanintharyi Landholders sued under New Law

Local government officials and companies are already using the recently amended land law to remove villagers from disputed land, according to lawyers in southern Myanmar.

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SC to facilitate Greater Investor Inclusiveness

KUALA LUMPUR, March 14 (Bernama) - Opening local corporate bonds and sukuk to retail investors who meet the requirements set are among the steps taken by the Securities Commission Malaysia (SC) to promote investors inclusiveness in the local market.

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INDUSTRY UPDATES

SC aims Further Expansion of Islamic Capital Market, says Chairman

KUALA LUMPUR, March 14 (Bernama) - The Securities Commission (SC), the regulatory body of the capital market, aim to foster growth that is premised on long-term value creation by intensifying efforts to further expand the Islamic capital market as well as the closely-linked sustainable finance segment.

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INDUSTRY UPDATES

National E-Document Exchange Platform launched

Hanoi, Mar 12 (VNA) - The Government Office held a ceremony in Hanoi on March 12 to launch the National E-Document Exchange Platform, a move towards a digital government and economy.

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INDUSTRY UPDATES

Cabinet approves 5Bn Baht Agro Subsidies

BANGKOK, Mar 13 (NNT) - The weekly Cabinet meeting has allocated another five billion baht to support rice agriculture during the current production year.

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INDUSTRY UPDATES

CJ seeks to remove Parts of Hamid Sultan's Affidavit

KUALA LUMPUR, Mar 13 (Bernama) - Chief Justice Tan Sri Richard Malanjum today filed an application to remove parts of the supporting affidavit filed Court of Appeal Judge Datuk Dr Hamid Sultan Abu Backer in the lawsuit by the late Karpal Singh’s daughter, claiming that it was outrageous, insulting and an attack to the Judiciary.

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INDUSTRY UPDATES

Up to PM to shortlist Candidates for CJ's Post - Liew

KUALA LUMPUR, Mar 12 (Bernama) - The Law Minister in the Prime Minister’s Department Datuk Liew Vui Keong today said that he has no information about the candidates shortlisted to be appointed as the new Chief Justice to replace Tan Sri Richard Malanjum who will retire from the post next month.

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INDUSTRY UPDATES

Sabah helps Children without Documents through Legalization Program

KOTA KINABALU, Mar 12 (Bernama) - Children born in Sabah and categorised as foreigners even though one of their parents were local residents, will be given aid through a legalisation programme which will ensure a better future for them.

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INDUSTRY UPDATES

CJ warns against allowing Politics to be Judicialized

Courts should not be invited to resolve issues usually addressed through the political process such as matters of national identity and religious freedom, said the Chief Justice Sundaresh Menon, who has also reminded that Court's business is not to formulate policy but to find the facts presented and apply the law.

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ICC violating Own Provisions: Palace

MANILA, Mar 12 (PNA) - If the International Criminal Court (ICC) will force its jurisdiction over the Philippines to investigate the Duterte administration’s war on drugs, this would mean that it would be violating its own provisions, Malacañang said on Monday.

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