The government has aimed to enhance compliance of taxpayers and to expand the tax base in an effort to raise revenues. In 2017 the government’s successful tax amnesty programme ended, yielding the reporting of Rp4881trn ($368bn) worth of previously undisclosed assets, redemption money payments amounting to Rp114trn ($8.6bn) and other tax...
A while back, I arbitrated a dispute over mining concessions between an Indonesian company and their foreign counterpart. The foreign firm made major investments to get the concessions, and then after a few years decided to cancel the transaction and pull out of Indonesia. They filed an arbitration case to reclaim their investment. The...
Indonesia has posted positive economic growth in the last few years, even in the face of the recent global economic slowdown. The country recorded a GDP growth rate of 5% in 2016, on par with the previous two years. Tax income is a key component to this growth, allowing the state to invest in various sectors of the economy and contribute to...
What needs to be done to improve infrastructure in the sector, especially in terms of irrigation systems?
Stronger yields are expected in 2017 for Indonesia, which already ranks as the world’s largest producer of palm oil, accounting for 54% of global supply in 2016, according to data from the US Department of Agriculture (USDA). Revised data issued by the Indonesian Palm Oil Association (GAPKI) in March 2017 showed that CPO production in 2016...
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