Indonesia accelerates tax reforms, cuts corporate income tax

A banner shows a message urging taxpayers to submit their returns. - The Jakarta Post

JAKARTA (The Jakarta Post/ANN): Indonesia is accelerating its planned tax reforms, including cutting corporate income tax and collecting taxes from tech companies, as part of the financial playbook to fund Covid-19 relief efforts.

Finance Minister Sri Mulyani Indrawati said the government expected a 10 per cent drop in tax revenue this year as a result of incentives for businesses to help them cope with Covid-19 and reduced non-tax revenue on account of falling commodity prices.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Indonesia , economy , covid-19 , stimulus , Mulyani


Next In Regional

Malaysia needs time to study Asean joint visa proposal, says Home Minister
Mt Ruang: Last eruptions before Wednesday occurred in 2002, 1949
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer
Hearing for Siti Bainun's appeal against conviction postponed to Jan 30 next year
Biker ambushed by a tiger near Gua Musang, lives to tell his tale
Historic day for human rights in Malaysia, says Azalina
Many workers in boycott-hit companies are locals, says Rayer
Two nabbed for launching fireworks at police in Lembah Subang

Others Also Read