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Indonesia Revises Tax Law to Tax Global Digital Firms

JAKARTA (TheInsiderStories) - Indonesian government prepares draft law on provisions and taxation facilities that will regulate general, income, and value-added tax to tackle tax...

Indonesia Relaxes Income Taxes for Bond Transaction

JAKARTA (TheInsiderStories) - Indonesian government relaxing interest income tax for bond transaction profit from 15 percent to 5 percent starting 2020, said the official...

Morning Briefing: Good Growth of Indonesia’s Retail Sales

JAKARTA (TheInsiderStories) — Bank Indonesia (BI) reported retail sales index (RSI) indicates good growth. In November 2018, RSI rose by 3.4 percent year-on-year from a...

Morning Briefing: Oil Price Surges to Four-year High on Tight Supply...

JAKARTA (TheInsiderStories) - Good morning. The price of crude oil soared to US$80 per barrel on fear over supplies after Organization of the Petroleum Exporting Countries and Russia...

Indonesian Gov’t to Evaluates VAT Rate for Importers

JAKARTA (TheInsiderStories) - Indonesian government plans to evaluate the income tax rate (VAT) of imports, said one official on Monday (20/08). The planned was to control...

Indonesia Cuts SMEs Income Tax to 0.5%

JAKARTA (TheInsiderStories)—Indonesia’s President Joko Widodo has released the Government Regulation 23/2018 on the reducing the small medium enterprises (SMEs) income tax rate to 0.5 per...