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Search result with “Luxury Tax” as a keyword founded 113 news.

Indonesia’s 'Underground Economy' Could Unlock Trillions, but at a Cost

... the underground economy, which encompasses tax evasion and other illegal activities ... .3 trillion, value-added tax (VAT) and luxury goods tax (LGT) projected to generate ... Rp 945.1 trillion, property tax set ...
Business Nov 14, 2024 | 4:09 pm

Sri Mulyani: Falling Palm Oil and Coal Prices Contribute to Lower Tax Revenue

... same period in 2023, when tax revenue totaled Rp 1,523.9 ... Rp 1,517.5 trillion from tax revenue, Rp 231.7 trillion ... is value-added tax (PPN) and luxury goods tax (PPnBM), which ... Potential for Shortfall Meanwhile, tax consultant Raden Agus Suparman from ...
Business Nov 13, 2024 | 1:35 pm

Economist Warns Against Taxing Online Gambling as Indonesia Targets 'Underground Economy'

... this sector represents untapped tax potential, citing online ... contended that such a tax plan legitimizes harmful activities ... value-added tax (VAT) and luxury goods tax expected to generate ... Rp 945.1 trillion; property tax ...
News Oct 30, 2024 | 9:48 am

Connecting Communities: Jokowi’s Efforts to Boost Indonesia’s Digital Economy

... bureaucracy, prevent corruption, and reduce tax evasion. For society, digital transformation ... rather than an option or luxury for remaining competitive in today ...
Tech Oct 19, 2024 | 2:10 pm

Gov’t Aims to Collect $141 Billion Tax Revenue Next Year

... income tax, while the targeted value added tax and luxury tax for ... contribute to the government’s tax revenue. The intensification ... needs to “continue the tax reforms, including digitalization and ... expanding the tax base.” The government also ...
Business Aug 21, 2024 | 10:14 am

Indonesia Yet to Pass Halfway Mark for Tax Revenue Target

... from being halfway through its tax revenue target as the ... non-oil-and-gas income tax, representing 41.73 percent ... affects their tax payments.” Value-added tax (VAT) and luxury goods tax reached Rp ... Mulyani blamed the lower income tax on the declining oil ...
Business Jun 27, 2024 | 2:53 pm

BYD's Grand Entrance: Thousands of Chinese Electric Cars Enter Indonesian Market

... without import duties and Luxury Goods Sales Tax (PPnBM). Typically, import duties ...
Business Jun 22, 2024 | 1:15 pm

Apindo: 12 Percent VAT Increase in 2025 Could Derail Economic Recovery

... revenue from VAT and luxury goods tax reached approximately Rp 764 ... purchasing power. VAT is a tax imposed on end consumers, ... taxes, excise duties, non-tax state revenues, and optimizing dividends ... is continually working to increase tax revenue. By 2025, ...
Business May 16, 2024 | 9:26 am

Indonesia Allows Citroën to Sell Imported EVs Without Tariff

... it’s exempt from tariff and luxury tax. The generous incentives apply during ...
Business May 13, 2024 | 1:55 pm

Prosecutors to Auction Mario Dandy’s Jeep Wrangler 

... the job as a high-ranking tax official. Proceeds from the auction ... Mario frequently sharing content featuring luxury vehicles on his social media ... lost his position as a senior tax official at the Finance Ministry ...
News Apr 24, 2024 | 9:40 pm

Harvey Moeis, Indonesia's 'Dream Husband,' Faces Tin Trading Corruption Probe

... , during a Finance Ministry event on tax regulations in Central Java on ... while discussing individuals included in tax calculations. "There are indeed affluent ... boasts an extensive collection of luxury cars, including a Mercedes-Benz SLS ...
News Mar 30, 2024 | 1:18 pm

Proposed VAT Hike Could Stifle Economic Growth, Warns Indef

... decrease in income tax. "The potential aggregate tax revenue may not ... VAT should be applied to luxury (branded) products that ... and beverages," explained Adhi. Tax revenue in 2023 reached ... trillion Value Added Tax (VAT) and Luxury Goods Sales Tax (PPnBM) were ...
Business Mar 20, 2024 | 3:37 pm

Savyavasa Apartment Eyes Foreign Property Ownership Market

... . Savyavasa, embodying the essence of luxury living in the esteemed Dharmawangsa ... process, addressing legalities, and elucidating tax regulations. "The regulations surrounding home ...
Special Updates Feb 29, 2024 | 7:23 pm

Ex-Taxman Rafael Alun Gets 14 Years in Prison for Graft, Money Laundering

... firm helped taxpayers reduce their tax payment, in a conflict ... acquired at least 70 luxury branded bags for his ... commissioner. The company engaged a tax consultant to assist corporate clients ... in resolving tax disputes with the government, ...
News Jan 8, 2024 | 4:55 pm

State Budget Sees Rp 147 Trillion Surplus

... includes Rp 1,418.5 trillion in tax revenue. This figure represents 74 ... ," she noted. Revenue from income tax in the non-oil and ... , revenue from value-added tax and luxury tax amounted to Rp 447.6 trillion ...
Business Sep 20, 2023 | 10:06 pm

Mario Dandy Gets 12-Year Prison Sentence, Ordered to Pay Victim Rp 25B

... Mario frequently sharing content featuring luxury vehicles on his social media ... lost his position as a senior tax official at the Finance Ministry ...
News Sep 7, 2023 | 3:20 pm

Rafael Alun Faces Deepening Legal Woes as Wife Appears in Indictment

... land, properties, jewelry, luxury vehicles, and high-end ... . The company engaged a tax consultant to assist corporate clients ... in resolving tax disputes with the government, ... that Mario frequently showcased luxury vehicles and opulent living ...
News Aug 30, 2023 | 3:10 pm

Prosecutors Demand 12-Year Sentence for Mario Dandy

... lost his position as a senior tax official at the Finance Ministry ... Mario frequently sharing content featuring luxury vehicles on his social media ...
News Aug 15, 2023 | 1:50 pm

Indonesia Reports $10 Billion Surplus in State Budget

... of state revenue came from tax collections, which totaled Rp ... last year. The current tax revenue composition includes Rp 636 ... trillion from value-added and luxury taxes, Rp 45.31 ... trillion in excise revenue. Non-tax revenue, including dividends from state ...
Business Aug 11, 2023 | 11:58 pm

Police Hand Child Molestation Case against Mario Dandy to Prosecutors

... his job as a high-ranking tax official at the Finance Ministry ... Mario often posting content depicting luxury vehicles on his social media ...
News Aug 3, 2023 | 2:25 pm
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