Business News
PPKM Extended; Govt Scraps VAT for Shopping Mall Stores
The government pledged to grant new incentives as it decided to extend the emergency state of public mobility restrictions or PPKM Level 4. One of them is the exemption of Value-Added Tax (VAT) for renting shop spaces in shopping centers from June to August 2021. Tenants would no longer have…
Trade Minister sees Indonesia's exports improving
Trade Minister Muhammad Lutfi has said he is optimistic that Indonesia's export performance will improve this year, as indicated by the trade surplus of $1.32 billion recorded in June. “Despite this pandemic, we are convinced of the excellent prospects of Indonesian commodities. We hope the prime commodities will keep contributing…
Six villages of Tanimbar Islands to develop seaweed cultivation
PT. Astra International Tbk has selected six villages in the Tanimbar Islands District in Maluku Province as Astra Prosperous Villages (DSA) 2021 for entrepreneurship development in seaweed cultivation. Tanimbar Islands district head Petrus Fatlolon signed a joint work agreement with the director-general of village economic development and investment, villages, Disadvantaged…
Govt allows tobacco factories to delay tax payment
The Ministry of Finance has decided to allow tobacco factory owners to delay paying taxes by a maximum of 90 days, as part of non-fiscal stimulus measures. The decision has been made in response to a request by the Association of Tobacco Manufacturers seeking relaxations on tax payments, it said."This…
