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 ›
Tax Amnesty in English
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 ›
Indonesia Surprises with Strongest Growth in 10 Quarters
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 ›
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 ›
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