The Indonesian government has set a target tax-to-GDP ratio of 16% by 2019, up from the current average of 12-13%. While ambitious, the goal is not unattainable given that neighbouring countries Vietnam, Malaysia and Thailand have tax-to-GDP ratios averaging of 13% and 17%. However, the target can only be reached by widening and stabilising...
In order to finance Indonesia’s development, the government aims to achieve a 16% tax-to-GDP ratio by 2019. Armed with a five-year plan, the Directorate General of Taxation (DGT) faces a challenging, but not impossible, task in reaching this aspiration. Indonesia’s tax system is largely based on self-assessment, and despite the DGT’s efforts...
In his state of the union speech, President Joko Widodo spent more than 20 minutes of his time reiterating his policy of welcoming FDI to Indonesia. In the last six months there have been 12 economic packages presented by the government offering more opportunities for foreign investment, simplifying and deregulating approval processes and...
Indonesia’s seventh president, Joko Widodo, pledged during his campaign to increase economic growth and welfare in society. In fact, President Widodo has promised to boost the economy by specifically targeting economic growth of more than 7% by 2019. In order to achieve these goals, he has introduced a number of changes to economic policy...
Indonesians have embraced technology enthusiastically, taking advantage of rising incomes to buy smartphones that give them access to a host of social networking platforms and other services.
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