Welcome
Daily Tax Report: International

Indonesia Eases Tax for Individuals, Cos to Counter Virus Impact

March 11, 2020, 11:00 AM

Govt will waive income tax for individuals for six months as it seeks to boost purchasing power and counter an economic slowdown worsened by the coronavirus outbreak.

  • Under a second stimulus package, govt will allow firms to delay payments of corporate tax and income tax on sale of imported goods, Finance Minister Sri Mulyani Indrawati tells reporters in Jakarta on Wednesday
  • The incentives are for over the next six months and effective from April 1
  • Govt will also ease rules for more than 750 imported items
  • NOTE: Bank Indonesia to Revise Down Growth Est. in Next Policy Meeting
  • NOTE: Indonesia...

To read the full article log in. To learn more about a subscription click here.