Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Andin Aditya Rahman
The Minister of Finance has issued several regulations in response to the current declining economic conditions. These regulations include tax relief for labor-intensive industries as well as for businesses in the footwear, toy and furniture sectors.
Mahendra Siregar, Deputy Minister of Finance, has said that these incentives aim to mitigate the costs of doing business that have recently increased due to decisions by some regional governments to raise minimum wage levels.
“We hope that these incentives will help businesses and prevent layoffs,” the Deputy added.
In essence, the regulations will half the income tax of some business entities and provide options to make tax payments in installments.
For the last fiscal quarter from September until December this year, tax relief will be up to 25 percent for non-exporting businesses and up to 50 percent for exporting businesses.
There is also a delay of payments clause of three months and the related administrative sanctions have been repealed.
These policies issued by the Minister of Finance were endorsed by Ramli Ahmad, Managing Director Asia Pacific Mining Resources, who believes that these policies will definitely assist the declining economy. Even the recent luxury tax increase will eventually improve the IDR exchange rate.
“This will definitely help to fix the economy. These measures will definitely assist the declining economy, particularly as the government has increased luxury taxes,” he concluded.
(hot/kc)
Fitri Novia Heriani, Andin Aditya Rahman
The Minister of Finance has issued several regulations in response to the current declining economic conditions. These regulations include tax relief for labor-intensive industries as well as for businesses in the footwear, toy and furniture sectors.
Mahendra Siregar, Deputy Minister of Finance, has said that these incentives aim to mitigate the costs of doing business that have recently increased due to decisions by some regional governments to raise minimum wage levels.
“We hope that these incentives will help businesses and prevent layoffs,” the Deputy added.
In essence, the regulations will half the income tax of some business entities and provide options to make tax payments in installments.
For the last fiscal quarter from September until December this year, tax relief will be up to 25 percent for non-exporting businesses and up to 50 percent for exporting businesses.
There is also a delay of payments clause of three months and the related administrative sanctions have been repealed.
These policies issued by the Minister of Finance were endorsed by Ramli Ahmad, Managing Director Asia Pacific Mining Resources, who believes that these policies will definitely assist the declining economy. Even the recent luxury tax increase will eventually improve the IDR exchange rate.
“This will definitely help to fix the economy. These measures will definitely assist the declining economy, particularly as the government has increased luxury taxes,” he concluded.
(hot/kc)