Indonesia 2022 tax ratio seen at 9.22% of GDP after new tax law; limited impact on inflation say


JAKARTA, Oct 7 (Reuters): Indonesia's new fiscal measures will increase government revenues relative to gross domestic product, or the tax ratio, to 9.22% next year, compared with an estimated range of between 8.4% to 8.6% in 2021 to 2025, its finance minister said.

Sri Mulyani Indrawati also told a virtual news conference recently that the new tax measures would add less than 0.5 percentage points to headline inflation next year.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , VAT , Tax , GDP , Tax Ratio

Next In Aseanplus News

Australia to seek UN security council seat from 2029
Sri Lanka flies monks over drought-hit areas to seek divine help
Japan to battle invasive beetles with US$43mil budget
Hong Kong socialite Abby Choi’s murder: Trial of ex-hubby, in-laws opens on Sept 21
Australian regulator sues retailer's ex-CEO for misleading market over alleged office romance
Belait air quality turns unhealthy as haze worsens in Brunei
South Korea reopens military service alternative for AI talent
Bessent proposes US-China AI safety notifications in talks with Chinese vice premier
Giant boulder rolls down mountain in Myanmar's Shan State, damaging building and two vehicles
When a Ruler dismisses his entire Exco

Others Also Read