Business News
Gov't Cuts Tax for Small and Medium Enterprises
June 23, 2018 | Jakarta. Indonesia will cut the final income tax rate for small and medium-sized enterprises by half, to 0.5 percent of their annual sales, in a move to help businesses manage their cash flow and expansion. President Joko "Jokowi" Widodo announced the cut at the East Java Expo…
Indonesia poised to benefit as China's Belt and Road turns green
Fri, June 22, 2018 | The Belt and Road Initiative (BRI), unveiled by Chinese President Xi Jinping in September 2013 to reawaken and extend the old Silk Road for enhanced international trade, development and cooperation, will account for 30 percent of global gross domestic product. But the BRI will require…
Indonesia won’t impose tax for foreign funds anytime soon: BI
Tue, June 12, 2018 | The central bank has said the country will not impose a tax on foreign funds anytime soon, stressing that the issue is only being discussed and is an option to control both capital inflows and outflows. Bank Indonesia (BI) Governor Perry Warjiyo said in Jakarta…
Cryptocurrencies Legalized as Futures Trading Commodities by Indonesian Regulator
4 June 2018 | Bappebti, the Indonesian Trade Ministry’s Futures Exchange Supervisory Boards has legalized cryptocurrencies as commodities in the country. Local media sources announced the landmark decision on June 3, 2018. Bappebti’s directive comes even as the country’s central bank does not recognize cryptos as means of payments.
