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Ten Priority Industry for the Indonesia Tax Amnesty Proceed

By administrator | July 15, 2016 | Tax.

Indonesia Minister of Industry stated that there are 10 priority industries that will be developed along with the proceeds from the tax amnesty bill. These industries have been included in the National Industries Development Master Plan (RIPIN). The industries are: (1) food and beverage; (2) steel; (3) pharmaceutical; (4) petrochemical; (5) crude palm oil/ CPO;.

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Indonesia Tax Revenues Decline in 1H2016

By administrator | July 15, 2016 | Tax.

Indonesia government tax revenues in the 1H2016 totaled IDR518.4trn or lower than IDR536.1trn in the same period last year. Nominally tax revenues fell IDR17.7trn or 3.3% on-year in 1H2016. The decline in tax revenue to low price of the Indonesia crude oil in international market, saying shrinking oil price resulted in IDR11trn fall in income.

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After Brexit, Indonesia Tax Amnesty Will Be the Spotlight

By administrator | June 24, 2016 | Tax.

Brexit issue has been driving the market quite volatile in the third week of June and we think investors will further focus their attention to the Indonesia tax amnesty bill next week. The parliament will be bringing the bill to the plenary meeting on Tuesday (28/06) next week and the government targets the bill will.

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Indonesia Government to Revise Tax for Bonds

By administrator | May 13, 2016 | Tax.

Indonesia government plans to eliminate taxes on discounted bonds both IDR and foreign denominated bonds. The plan will be included in the revision of Act (UU) No. 36/2008 on Income Tax (Pph). In the Government Regulation (PP) No. 16/2009 sets 2 types of taxes for bonds, they are; 1) 15% for domestic taxpayers and permanent.

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Indonesia Government Released Economic Package VII

By administrator | December 11, 2015 | Tax.

Indonesia government sets to lower income tax rates on employee whose incomes below IDR 50 mn a year. This incentive will be applied only for labor intensive industry which is aimed to minimize industry’s lay off and lesser companies’ financial burden to that they able to raise wages according to province minimum wages. However this.

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Bank Indonesia to Maintain Benchmark Rate Upward Bias

By administrator | October 26, 2015 | BI 7-Days Reverse Repo, Inflation, Investment, Tax.

Darmin Nasution, Coordinating Minister for Economics and former Bank Indonesia (BI) governor during our investors gathering stated that the BI is likely to maintain its benchmark rate upward bias given current pressure on IDR amidst easing inflation rate expectation. Darmin remains cautious on potential foreign outflow and further IDR weakness should the BI cut its.

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Indonesia Government Announced Another Measure to Attract Investment

By administrator | October 5, 2015 | Economy, Investment, Tax.

Indonesia government has roll out stimulus package II last week. The new measures include cutting the time of investment permit to just three hours. The government also cut the taxes on interest earned for exporters parking their export proceeds on onshore deposits, current tax is at 20%. Other new measures were providing the process of.

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