The Indonesian tax system continues to evolve but for several years has been mainly based on three primary tax laws: the General Tax Provisions and Procedures Law, the Income Tax Law, and the Value-Added Tax (VAT) and Luxury Sales Tax (LST) Law. These tax laws are routinely amended to accommodate the country’s rapidly changing business...
Indonesia has the potential to be Asia’s economic star of the next decade. That its long-term future is sound and promising despite the challenges is confirmed by the views of some 500 prominent business leaders, polled in PwC’s APEC CEO survey 2013. Indonesia is emerging as one of their top investment destinations. Even so, Indonesia needs balance, coordination and...
On the cusp of 2014 national elections and the 2015 integration of the ASEAN Economic Community, Indonesia is poised to continue its rapid economic expansion. While the country’s natural resources are still plentiful, by channelling foreign direct investment into the right areas, the government is ensuring that true potential, in terms of value and manufacturing, is achieved.
In less than three years Indonesia will encounter the ASEAN Free Trade Area (AFTA), which will eliminate intraregional tariffs and non-tariff barriers among the South-east Asian countries, with a view to integrate the economies in the region into a single production base and regional market. AFTA is aimed to increase ASEAN’s competitive edge, to attract investment and...
The Indonesian tax system continues to evolve but for several years has been mainly based on three primary tax laws – the General Tax Provisions and Procedures Law, the Income Tax Law, and the Value-Added Tax (VAT) and Luxury Sales Tax (LST) Law. These tax laws are routinely amended to accommodate the rapidly changing business environment and to...
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