Taxation in Indonesia - Taxation: News & Information

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“Sin Tax” Collections Down in Philippines

Collections of the so-called “sin taxes” levied on “sinful” products, such as cigarettes and alcohol, dropped in 2011, leading to calls for a reform of the excise tax system.

“Sin Tax” CollectionIndia Delays Tax Changes

India will aim to boost the confidence of international entrepreneurs investing in India by delaying the implementation of new anti-avoidance rules and reducing withholding taxes and excise duties.

ID Thieves in USA Steal $26 Mil of Refunds

More than 600 000 US taxpayers were victims of identity tax fraud in 2011, and the IRS does not have the capabilities to adequately detect and prevent such offenses.

One Third of Taxes in Australia to Fund Welfare System

Almost AUD 100 from the tax payments made every week by an average Australian will now go directly to funding national welfare programs to subsidies low income families.

US Considers Business Tax Reforms

The Obama administration has proposed a major update of the corporate tax rules in the USA, which would broaden the base for corporate taxes, simplify compliance, reduce the corporate tax rate, and encourage a greater level growth in the country’s manufacturing sector.

Aug 17, 20110

Indonesia Enticing Investors With Tax Holidays

Categories: Taxation in Indonesia

Indonesia is looking to offer significant tax holidays to large international investors in order boost foreign direct investment and to support the economic development of the country. At a press conference held on August 15th in Jakarta the Minister of Finance of Indonesia Agus Martowardojo revealed the government’s new tax holiday system aimed at significantly increasing large scale foreign direct investment into the country. The new program will grant companies a tax holiday if they meet a set of pre-determined criteria regarding their ... Read More