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Search result with “Tax Revenue Target” as a keyword founded 160 news.
Indonesia Posts $1.9 Billion Budget Deficit Amid Falling Tax Revenue
... 2025 budget deficit remains within target, as the government has ... trillion in February 2024. Tax revenue dropped by 25 percent to ... seasonal fluctuations, explaining that tax revenue tends to rise at year ... said. The drop in tax revenue was also linked to lower ...Business Mar 13, 2025 | 7:23 pm
Indonesia’s Tax Revenue Drops 42 Pct in January as New Coretax System Faces Hurdles
... meet its ambitious full-year tax revenue target of Rp 2,189.31 trillion ... in corporate income tax receipts. Corporate income tax revenue fell to Rp 4.16 ... remained the biggest contributors to tax revenue, collectively accounting for 52.4 percent ...Business Mar 13, 2025 | 12:34 pm
Indonesia Wants to Be on Cambodia’s Level for Tax-to-GDP Ratio
... Asia’s largest economy, Indonesia’s tax revenue-to-gross domestic product ( ... ratio gauges a country's tax revenue relative to the size of ... programs to increase the tax revenue ratio,” Hashim told the ... “Our target is to reach Cambodia’s level [whose tax ratio] ...Business Feb 19, 2025 | 3:30 pm
Indonesian Industry Calls for Extension of Gas Subsidy Policy
... more challenges, and the government's target of 8 percent economic growth will ... employment, and contributions to national tax revenue," he added. During the initial ...Business Jan 9, 2025 | 2:02 pm
Denpasar Immigration Office Handles 138 Violations in 2024
... also achieved record-breaking non-tax state revenue of Rp 140.5 billion ... ($8.67 million) in 2024, surpassing its target ... of Rp 73.7 billion. This revenue came from passport ...News Jan 2, 2025 | 2:37 pm
Tax Evasion Crackdown Better than 12 Pct VAT: Analyst
... revenue without the tariff increase. “The government needs to focus on tax ... rather than imposing higher [tax] tariffs on people. ... the government’s lower luxury tax revenue target. Indonesia aims to amass ... percent in 2022. VAT revenue contributed to 3.25 percent ...Business Dec 26, 2024 | 10:45 am
Indonesia Issues 471 Golden Visas, Attracting $558 Million Investment in 2024
... December 15, 2024, non-tax state revenue from visa services had reached ... 8.58 trillion, surpassing the 2024 target of Rp 6 trillion by 43 ...News Dec 17, 2024 | 6:53 pm
Indonesia to Unveil New Economic Policy Package, Including VAT Overhaul, on Monday
... tiered value-added tax (VAT) policies and non-tax economic measures. ... the 0.5 percent tax rate for MSMEs with annual revenue below a certain ... starting in January. The tax increase, which was first ... is set to primarily target luxury goods, President Prabowo ...Business Dec 14, 2024 | 11:01 am
Finding the Middle Ground on 12 Percent VAT
... VAT] will only selectively target luxury goods,” Prabowo said ... increase compared to this year’s target of Rp 493.3 trillion. ... hike to avoid a disrupted tax revenue stream. The multi-tariff scheme ... can’t achieve their sales target while they still have to ...Business Dec 10, 2024 | 9:50 am
Labor Unions Plan National Strike If VAT Hike Goes Through
... government's 8 percent growth target by pushing prices for goods ... the government to increase tax revenue not by burdening the ... taxpayer base and improving tax collection from large corporations ... to shoulder a greater tax burden without any corresponding ...Business Nov 19, 2024 | 9:00 pm
Indonesia’s 'Underground Economy' Could Unlock Trillions, but at a Cost
... potential for state revenue from these underground activities ... through the tax team, customs, and non-tax state revenue (PNBP ... The government has set a tax revenue target of Rp 2,189.3 trillion ... budget. This target is allocated across several tax categories, ...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 trillion ... Rp 1,517.5 trillion from tax revenue, Rp 231.7 trillion from ... Abimanyu explained that the tax revenue of Rp 1,517.53 ... a shortfall in reaching the tax revenue target for 2024. With limited time ...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 rather ... The government has set a tax revenue target of Rp 2,189.3 trillion ... 2025 State Budget. This target is divided across various ...News Oct 30, 2024 | 9:48 am
Finance Minister Now Reports Directly to President
... the state budget and oversee tax revenues. In a social media post ... changed, except for the higher [revenue] target."Business Oct 22, 2024 | 2:22 pm
Prabowo's First-Year Budget: Rp 3,621 Trillion Approved by DPR
... reservations. The 2025 APBN outlines a revenue target of Rp 3,005.12 trillion ... includes Rp 2,189 trillion from tax revenues, Rp 301.60 trillion ... 513.63 trillion from non-tax state revenues, and Rp 581 ...Business Sep 19, 2024 | 1:25 pm
Merdeka Copper's Contribution to Indonesian Economy
... government reported that non-tax revenues from minerals and coal ... the renewables sectors. The target stands at Rp 113 trillion ... ) contributed Rp 1.5 trillion in tax payments to Banyuwangi during 2016 ... quarter of 2024, MDKA’s revenue stood at $541.05 million ...Special Updates Aug 29, 2024 | 4:40 pm
Gov’t Aims to Collect $141 Billion Tax Revenue Next Year
... ’s growth forecasts and tax reforms when setting that target. About Rp 1,209 ... can contribute to the government’s tax revenue. The intensification strategy focuses on ... Association (Apindo), admitted that the tax target would be a tough one to ...Business Aug 21, 2024 | 10:14 am
Government Allocates Rp 525 Trillion for Subsidies in 2025 Draft State Budget
... families in acquiring homes with a target of accelerating the construction of ... ), farmers, and fishermen, and provide tax incentives for businesses. The 2025 ... Rp 616.2 trillion, with state revenue estimated at Rp 2,996.9 trillion ...Business Aug 16, 2024 | 11:07 pm
Indonesia Sets 5.2 Pct Growth Target for 2025 State Budget Under New President
... has set a 5.2 percent economic growth target in the 2025 State Budget ... .9 trillion for regional transfers. State revenue is projected at Rp 2,996 ... , comprising Rp 2,490.9 trillion in tax revenue and Rp 505.4 trillion in ...Business Aug 16, 2024 | 3:50 pm
Indonesia to Limit Subsidized Fuel Purchases Starting August 17
... short of the target. The decline in revenue is mainly ... due to the sharp drop in corporate income tax ... commodity revenues in corporate income tax (PPh). Many palm ... (NPWP), resulting in incomplete tax collections. Previously, Finance Minister ...Business Jul 10, 2024 | 4:53 pm
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