In Pandemic, Indonesia Introduces Tax Policy on Digital Goods and Services With the public shifting to the online world, the Indonesian government found it necessary to implement tax policy on digital goods and services. The taxation of the so-called digital economy has been among the top agendas of many countries. Governments are doing so to…
IMF Calls for Broad-based Tax Reform to Support the Indonesian Economy The International Monetary Fund (IMF) is encouraging the Indonesian government to implement a broad-based tax reform as a means of improving its revenue as the economy slows down due to the coronavirus pandemic. In an interview with The Jakarta Post, IMF mission chief for…
Government Releases Special Tourism Grants to Aid Ailing Sector The Indonesian government has made sure to take care of the tourism industries affected by the pandemic. In October 2020, it released Rp 3.3-trillion worth of special tourism grants to aid the regional governments and businesses rejuvenating the tourism industry. Tourism and Creative Economy Minister Wishnutama…
Indonesia is Encouraged to Have Fair Regulations for Foreign Investors Senior legislator Rachmat Gobel calls for fair regulations for foreign investors to attract more business ventures in Indonesia. By having such, the country can also see improvement in the quality of the investments being approved. Gobel expressed his sentiments toward foreign investors’ regulations after Japanese…
Indonesia to Introduce VAT on Imported Digital Products August 2020 New Regulation to Take Place from August 2020 Indonesia will introduce Value Added Tax (VAT) on imported digital products beginning in August 2020. This will be applicable to all foreign businesses and companies. If you sell digital products either through electronic systems or online,…
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