Tag: Finance Ministry
Indonesia Issues Vocational Tax Incentives for Investors
JAKARTA (TheInsiderStories) - Indonesian Finance Ministry finally issued a regulation that would provide a legal basis to offer fiscal incentives for businesses that build...
Indonesia Fin Min Considers Another Tax Amnesty Program
JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati said that Indonesian government considers to held another tax amnesty program to boost the government revenues,...
Indonesia Sees Economic Growth at 5.2% in 2H
JAKARTA (TheInsiderStories) - Amid the widening deficit in the first half (1H) of 2019, Indonesia' government remain optimistic and predicted economic growth in the...
Indonesia Puts Plastic Bag Excise US$0.01 a Sheet
JAKARTA (TheInsiderStories) - Indonesia' finance ministry has set a policy to implement excise of plastic bag worth Rp200 (US$0.01) a sheet assuming Rp30 thousand...
Indonesia to Impose Sanction on Violators of Export Proceeds
JAKARTA (TheInsiderStories) - Indonesia' government s ready to impose sanctions on peoples who violate a new regulation intended to force exporters to keep their...
Financial Regulators Imposed Sanctions to Garuda Indonesia
JAKARTA (TheInsiderStories) - Indonesia' Financial Service Authority (FSA) and Ministry of Finance have evaluated financial statement of PT Garuda Indonesia Tbk (IDX: GIAA) per...
Indrawati Sees Indonesian Economy Grow 5.1% in 2Q 2019
JAKARTA (TheInsiderStories) - Indonesia' finance minister, Sri Mulyani Indrawati, sees economic growth in the second quarter (2q) of 2019 estimated to be in the...
Indonesia Revises Property Price for Luxury Goods Sales Tax
JAKARTA (TheInsiderStories) - Indonesia's government lifted the price limit of luxury residence that's being imposed with 20 percent sales tax, by more than double....
Indonesian House, Government Agrees 2020’s Macro Assumption
JAKARTA (TheInsiderStories) — Indonesian government and House of Representatives have agreed on 2020’ macro assumptions to decide by the Budget Committee in this month....
Indonesia’s 2019 Macro Assumptions May Not Achieve Target
JAKARTA (TheInsiderStories) — Global economic turmoil has made Indonesia pessimistic about achieving some of the macro assumptions target this year, as stated by finance...
Finance Minister Send Challenging 2020’s State Budget to House
JAKARTA (TheInsiderStories) — Indonesia Finance Minister Sri Mulyani Indrawati officially submitted state revenue and expenditure budget draft for 2020 to House of Representatives, on...
Indonesia Raises US$1.62B from Samurai Bond Issuances
JAKARTA (TheInsiderStories) - Indonesian government has raised ¥177 billion (US$1.62 billion) funds from six series of Samurai bond sales, finance ministry reported today (05/16). This make...
Indonesian Govt to Summon Garuda’s Auditors, Directors Next Week
JAKARTA (TheInsiderStories) – After finding irregularities in the annual financial statements of PT Garuda Indonesia Tbk (IDX:GIAA) in 2018, Ministry of Finance, Supreme Audit...
Indonesia Absorbs Funds US$1.67B from the Government Bond Auction
JAKARTA (TheInsiderStories) – Finance ministry of Indonesia absorbed funds of Rp23.4 trillion (US$1.67 billion) from the auction of seven series of government bond from...
Indonesia Eximbank Re-issues Global Bonds US$900M
JAKARTA (TheInsiderStories) - Indonesian Export Financing Agency or Indonesia Eximbank will re-issue global bonds with worth of US$900million. Eight international banks are expected to win LPEI' global...
Indonesia Officially Revokes Tax Treaty for E-commerce
JAKARTA (TheInsiderStories) - Indonesian government withdraw tax treaty rules for e-commerce through PMK Number 31/PMK.010/2019, said finance ministry on Tuesday (04/16). The new regulation is the...
Indonesia’s Retail Sales Grew by 9.1% in February
JAKARTA (TheInsiderStories) – Indonesian retail sales grew by 9.1 percent in February, up from January at 7.2 percent, proven by the Real Sales Index...
Google Finally Agreed to Pay Taxes in Indonesia
JAKARTA (TheInsiderStories) – The United States (US) internet product company, Google LLC was finally willing to pay taxes in Indonesia, followed the 3 years...
Indonesia Eyes US$34.94B Tax Reveneus from the Riches
JAKARTA (TheInsiderStories) – Indonesian government targeted tax revenues Rp498trillion (US$34.94 billion) from big taxpayers, both personal and institution, said one minister yesterday (03/13). It...
Indonesia has Released State Bonds US$8.75B in January
JAKARTA (TheInsiderStories) - Indonesian government has released government bond with total amount Rp122.5 trillion (US$8.75 billion) or 34.1 percent of the 2019 State budget targets....
Indonesia Plans to Eases Unclear VAT Rules for Agriculture Products
JAKARTA (TheInsiderStories) – The government plans to discuss the impact of policies related to the discourse on the elimination of Value Added Tax (VAT)...
Indonesia to Review Import Tax Amid the Protests
JAKARTA (TheInsiderStories) - Indonesian government will review import tax after get protest from the importers. The import tax on more than a thousand products is considered giving...
Indonesian Gov’t Issues Green SUKUK US$2B
JAKARTA (TheInsiderStories) – Good morning! Indonesian government to issue Global Wakalah SUKUK also known Green SUKUK with total amount US$2 billion, according to official...
Indonesia Sold US$283.69M Retail Savings Bond
JAKARTA (TheInsiderStories) – Indonesian government received Rp4 trillion (US$283.69 million) first saving bond retail (SBR005) offering, said the finance ministry on Tuesday (01/28). Previously, the director...
The Indonesian Gov’t Targets US$334M from the Issuance of Retail Bonds
JAKARTA (TheInsiderStories) - Indonesia's Finance ministry launched Saving Bond Retail (SBR) series 005 with indicative targets Rp5 trillion (US$244.83 million). The bond offers with coupon...
Bank Indonesia, MoF Launchs SiMoDIS to Monitor Foreign Exchange Data
JAKARTA (TheInsiderStories) — Bank Indonesia (BI) and Ministry of Finance (MoF) agreed to integrate foreign exchange revenues data from export and import through a...
Indonesia’s 2018 State Budget Deficit Narrows Down
JAKARTA (TheInsiderStories) — Indonesia's 2018 State budget deficit narrowed down to Rp259.9 trillion (US$17.92 billion) or 1.76 percent to Gross Domestic Product (GDP), the...
Indonesia’s Fin Min Allocates Sharia Bond US$1.71B for Infrastructure Bond
JAKARTA (TheInsiderStories) - The Ministry of Finance (MoF) has allocated Rp28.43 trillion (US$1.71 billion) worth of projects that can be funded by State Sharia...
Indonesia Revokes Cigarette Tax Increase for 2019
JAKARTA (TheInsiderStories) – The Indonesian government has decided not to increase the excise tax on tobacco products for 2019. This comes as a surprise,...
Tax Holiday Officially Applies by Government of Indonesia
JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati has signed a revision of the regulation on reducing corporate income tax or tax holiday. The revised...