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Morning Briefing: India Gives Credit US$1B for Russia

JAKARTA (TheInsiderStories) - Good Morning! India Prime Minister Narendra Modi announced a US$1 billion credit line for the development of Far East region of Russia after...

Morning Briefing: Chinese Renmimbi Drops to Lowest Level Again

JAKARTA (TheInsiderStories) - Good Morning! Chinese Renmimbi weakened to 7.18 to the US dollar, less than a month after Beijing let the currency pass a threshold. People’s...

Indonesia Gives Incentives for Airlines to Lowering Ticket Price

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo immediately set a fiscal incentives for airlines to lowering the domestic airfare tariff. The fiscal incentives were...

95% Indonesian Retailers Expands to Online Stores amid the Digital Era

JAKARTA (TheInsiderStories) - 95 percent of Indonesian retailers expand to online stores in order to boost their businesses in this digitalized era, said the association yesterday (01/29)....

Avtur, Rupiah Makes Indonesian Flight Fare Expensive

JAKARTA (TheInsiderStories) – Indonesian government admitted the high price of aviation turbine (avtur) caused by the high tax burden, said senior official on Tuesday...

Indonesian e-Commerce Association Complaints the New Tax Policy

JAKARTA (TheInsiderStories) – The new e-commerce tax policy released by Indonesia' Finance ministry (MoF) get a criticized from Indonesian e-Commerce Association (idEA). In their...

Morning Briefing: Indonesia Loosens Grips on Several Taxes and Levies

JAKARTA (TheInsiderStories) — Good morning! Indonesian government unobstructed some of its revenue budget, by agreed to implement zero export levy for Crude Palm Oil (CPO) and...

Indonesian Government to Evaluate Export Proceeds Tax

JAKARTA (TheInsiderStories)--Indonesian government will evaluate income tax for export proceeds as an attempt to stabilize rupiah exchange rate against US dollar, said Minister of Finance Sri...

China Launches a Policy Package to Boost Domestic Demand

JAKARTA (TheInsiderStories)--China will adopt a combination of fiscal and financial policies as an effort to boost the domestic demand amid trade war threat, the State...

Market Update: U.S, China Trade War Weighs on Global Bourses

JAKARTA (TheInsiderStories) - Trade war between United States (U.S) and China weighed on U.S and European bourses on Friday (f15/06) following tit-for-tat tariff announcements by...

Policy Updates: Indonesia Offers New Fiscal Incentives to Improve EODB

JAKARTA (TheInsiderStories) - Indonesia's Ministry of Finance offered some new fiscal incentives to both corporate and individual taxpayers to improve investment climate in the...

Policy Review: Revising Tax Incentives to Boost Investment

JAKARTA (TheInsiderStories) - Boosting investment has been an economic priority for President Joko Widodo, particularly since sluggish consumption has capped annual economic growth at...

President Issues Beneficial Ownership Rule to Target Tax Haven

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo on Thursday (1/3) has officially issued a decree to rule 'Beneficial Ownership' to meet on Automatic Exchange of...

Tax Office Gain Access to Credit Card Customers’s Data ​

JAKARTA (TheInsiderStories) - The Indonesian Finance Ministry has re-issued regulation that allows the tax officials to collect data and information of taxpayer's credit card transactions. This...

Government to Create New Fiscal Incentives to Attract Investors

JAKARTA (TheInsiderStories) — The Indonesian government is considering ways to offer novel fiscal incentives to investors, as those provided earlier appear to have failed to...

What’s Next After Tax Amnesty?

JAKARTA (TheInsiderStories) - The Indonesian government has just completed the largest tax amnesty program in the country’s history. The policy was intended to raise...

GoI Will Issues Tax Rule for Gross Split Sharing Scheme

JAKARTA (TheInsiderStories) - To clarify the taxation of exploration and exploitation activities of oil and gas based on gross split, Government will issue a new...

Tax Office can get access to tax information from financial institutions

JAKARTA (TheInsiderStories) - The Indonesia government officially issued Government Regulation in Lieu of Law (Perppu) No. 1 of 2017 on Access to Financial Information for...