Govt seeks to impose 35% income tax on individuals with an annual salary of above 5 billion rupiah ($348,311), Finance Minister
- Income tax rates and brackets for individual taxpayers will also be adjusted
- NOTE: Indonesia currently has four brackets of income tax rates, ranging from 5% to 30%, for individual taxpayers
Indonesia Considers Revamping Value-Added Taxation Structure
- Govt also plans to impose higher value-added tax rates on certain luxurious goods and services, and may lower the rate for goods and services considered sensitive to purchasing power
Indonesia Considers Tax ...