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Aspects of Income Tax on Foreign Exchange Proceeds from Natural Resources Exports
Bank Indonesia reported that by the end of March 2024, the foreign currency Term Deposit (TD) of Foreign Exchange of Natural Resources or Sumber Daya Alam (SDM) Export Proceeds or Devisa Hasil Ekspor (DHE) had reached USD 1.95 billion or Rp31.28 tril...
Inconsistency of Government Policy in the Provision of Tax Facilities and the Implementation of the Global Minimum Tax
The government has just issued provisions regarding taxation facilities in Nusantara Capital City, or Ibu Kota Nusantara (IKN). Through Minister of Finance Regulation No. 28 of 2024, the government considers it necessary to provide technical arrangements for Governmen...
Examining the Taxation Provisions on Nickel Exports
Starting in 2023, the government plans to tax the export of nickel-derived products. The export tax or duty rate on nickel-derived products such as nickel pig iron (NPI) and ferronickel (FeNi) is 2% of the export value.
We should note that t...
Taxation Provisions for the Coal Mining Business
In its latest report, the Central Bureau of Statistics or Badan Pusat Statistik (BPS) (2024) stated that there has been an increase in coal production during 2014–2022. Despite a decline in 2020 due to the COVID-19 pandemic, coal production increased ag...
Getting to Know the Concept of Nail-Down and the Prevailing Law in Mining Tax Collection
The government reported a slowdown in tax revenue in the first quarter of 2024. Compared to the same period of the previous year, tax deposits fell by 8.8%. In other words, tax revenue until the first quarter of 2024 amounted to 393.3 trillion (Kontan 2024).
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Value Added Tax on the Sale of Shares
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Technical Provisions for Annual Tax Return Extension
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Income Tax Article 23 and VAT on Forwarding Services
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Assessing the Effectiveness of Tax Facilities for National Strategic Projects
The government has determined 14 national strategic projects for 2024, which are mentioned in the Medium-Term Develop...
Procedure for Calculation of Income Tax Article 21 on THR
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Catalog of Tax Incentives: VAT Series
Jakarta, Ideatax -- The Indonesian Ministry of Finance reported that in 2023, there was an incr...
What You Need to Know about the Bonded Zone
The Minister of Finance, Sri Mulyani, said that until the first semester of last year, the government had provided im...
VAT Increase and Solutions to Reduce Economic Inequality
Jakarta, Ideatax -- The Coordinating Minister for the Economy, Airlangga Hartarto, stated that the g...
VAT on the Handover of Landed Houses and Flats: Opportunities and Challenges
Jakarta, Ideatax -- Bank Indonesia reported that residential property sales in the fourth quarter of...