IBAI News

Trade Ministry issues 25 industrial salt import permits

The Trade Ministry has issued permits to 25 companies to import industrial salt, after President Joko “Jokowi” Widodo recently reverted the authority to issue recommendations on salt imports to the Industry Ministry from the Maritime Affairs and Fisheries Ministry. International trade director general Oke Nurwan of the Trade Ministry received a recommendation from…

Government to reduce income tax rate for SMEs

The government will immediately reduce the annual income tax rate for small and medium enterprises (SMEs) from one percent to 0.5 percent. "The step aims to boost the growth of SMEs. The regulation is under discussion," Puspita W. Surono, Finance Ministry`s expert staff for tax supervision, noted in a press…
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