indonesia - Tax & Revenue - News

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

International Cooperation against Tax Evation important: Sri Mulyani

Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati has stressed the importance of international cooperation against tax evasion by big corporations and rich businessmen.
Date: 13 July 2017; Type: Tax News; Source: Antara

Government reaches Tax Agreement with Google

Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati confirmed that the government had reached an agreement on tax settlement with the search engine giant Google.
Date: 13 June 2017; Type: Tax News; Source: Antara

INDUSTRY UPDATES

Judge unconvinced by Rapist’s Excuse

A supreme Court judge labelled a 72-year-old man’s excuse that police threats were the reason he confessed to raping a minor in Kampong Chhnang province in 2013 as “unreasonable”.

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Customs Department offers Online Payment Services

BANGKOK, Jan 16 (NNT) - Businesses needing to make payments to the Customs Department can now do so through online banking.

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INDUSTRY UPDATES

January 21 Special Non-Working Day in ARMM, Two Other Cities

MANILA, Jan 17 (PNA) - Malacañang has declared Jan. 21, 2019 (Monday), a special non-working day in the Autonomous Region in Muslim Mindanao (ARMM), Isabela City, and Cotabato City for the plebiscite of the Bangsamoro Organic Law (BOL).

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INDUSTRY UPDATES

White Paper on Defence to be tabled in Parliament this Year

KOTA KINABALU, Jan 17 (BERNAMA) - The Ministry of Defence will table a White Paper on Defence which will detail the tasks and roles of the Malaysian Armed Forces, said Defence Deputy Minister Senator Liew Chin Tong.

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INDUSTRY UPDATES

Chief Justice calls for Government Audit on Rights of Indigenous People

KOTA KINABALU, Jan 17 (Bernama) - Chief Justice Tan Sri Richard Malanjum today proposed that the government conduct an audit on the rights of the indigenous people to ensure that they are in line with the United Nations declaration.

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Rape victim testifies that Sex with Convicted Man was ‘Consensual’

A man who was sentenced to 10 years’ imprisonment for a 2007 rape asked the Appeal Court on Tuesday to release him on bail as he was suffering from mental illness.

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INDUSTRY UPDATES

PRRD appoints new Sandiganbayan Associate Justice

MANILA, Jan 16 (PNA) - President Rodrigo R. Duterte has appointed former Makati Regional Trial Court (RTC) judge Ronald Moreno as Associate Justice of the Sandiganbayan.

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INDUSTRY UPDATES

Foreign Ministry continues Ban on UN Special Rapporteur Lee

THE government said it would not rescind its ban on UN Special Rapporteur Yanghee Lee from entering Myanmar, despite her recent request, a Foreign Ministry official said Monday.

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INDUSTRY UPDATES

Pay the Minimum Wage or face Legal Action, Employers told

Employers in Laos will be subject to legal action if authorities discover they are failing to pay their workers the minimum wage.

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INDUSTRY UPDATES

DLT introducing Electronic Licenses

BANGKOK, Jan 15 (NNT) - The Department of Land Transport (DLT) has officially begun to introduce electronic drivers licenses, launching a downloadable application that can digitally hold driver authorizations and vehicle details.

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INDUSTRY UPDATES

DOLE vows Aid for Workers displaced by Hanjin Bankruptcy

MANILA, Jan 15 (PNA) - The Department of Labor and Employment (DOLE) on Tuesday vowed to assist 3,800 workers of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) who might be affected after the South Korean shipbuilder declared bankruptcy and applied for rehabilitation.

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INDUSTRY UPDATES

Over 100 Medicine Brands for Treatment of Diabetes, Hypertension, High Cholesterol now cheaper under TRAIN Law

The Food and Drug Administration (FDA) has submitted to the Department of Finance (DOF) a list of over 100 medicines with their corresponding generic names and brands for the treatment and prevention of diabetes, hypertension and high-cholesterol, the sale of which are now exempted from the payment of the value-added tax (VAT) beginning Jan. 1 as provided under the Tax Reform for Acceleration and Inclusion Act (TRAIN).

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INDUSTRY UPDATES

Tax Academy eyeing Campuses in Tagaytay, New Clark City

The Department of Finance (DOF) is planning to set up permanent campuses of the Philippine Tax Academy (PTA) in Tagaytay City in Cavite and New Clark City at the Clark Special Economic Zone in Pampanga.

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Courts urged to speed up Judicial Reform

Hanoi, Jan 14 (VNA) - General Secretary of the Communist Party of Vietnam and President Nguyen Phu Trong has stressed the need for courts at all levels to speed up judicial reform and improve the quality of judgment to minimise inaccurate verdicts and overlooking criminals.

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INDUSTRY UPDATES

No Passport Data lost, breached: Government Printer

MANILA, Jan 14 (PNA) - No passport loss nor breach has occurred in the Department of Foreign Affairs (DFA), APO Production Unit Inc. (APUI), the current Philippine e-passport maker said Monday.

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INDUSTRY UPDATES

Complaint Boxes for Iskandar Puteri Schools to tackle Crimes

ISKANDAR PUTERI, Jan 14 (Bernama) - The Iskandar Puteri District police have suggested for the district’s schools to provide boxes for information or complaints to tackle various crimes involving students.

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INDUSTRY UPDATES

Tax Amnesty Programme aims to reduce People's Burden, says IRB

KUALA LUMPUR, Jan 14 (Bernama) - The Special Voluntary Disclosure Programme (SVDP) is a clear indication of the government's desire to reduce the burden of the people through taxation, Inland Revenue Board (IRB) chief executive officer Datuk Seri Sabin Samitah said.

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INDUSTRY UPDATES

Tengku Abdullah to be proclaimed as New Sultan of Pahang on January 15

PEKAN, Jan 12 (Bernama) - The Regent of Pahang Tengku Abdullah Sultan Ahmad Shah will be proclaimed as the sixth Sultan of Pahang, succeeding Sultan Ahmad Shah, on Jan 15.

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