#Commodity Tax

Many Palm Oil Companies Found Without Tax ID NUmber, Government Reports

Amid efforts to improve taxpayer compliance, the government revealed that many palm oil companies do not have a Taxpayer Identification Number (TIN).

Jul 11, 2024

Downstreamization Depletes Export Duty Revenue in 2024

Program hilirisasi yang dilakukan pemerintah diprediksi akan menggerus penerimaan bea keluar tahun 2024. Hal itu terlihat dari target penerimaan bea keluar pada tahun 2024 yang hanya dipatok Rp 17,5 triliun atau lebih rendah 11,5% dari outlook tahun 2023.

Sep 4, 2023

Commodity Normalization, Tax Payment in May 2023 Slows Down

The realization of tax revenue until the end of May 2023 was recorded at IDR 830.29 trillion or grew 17.7% compared to the same period in 2022.

Jun 26, 2023

Exports Strengthen, April Trade Balance Returns to Surplus US$ 3.94 billion.

The Statistics Indonesia (BPS) stated Indonesia's trade balance experienced a surplus of US$ 3.94 billion in April 2023.

May 16, 2023

As Commodity Prices Normalize, Here's the Impact on Taxes

 The Ministry of Finance revealed a number of impacts caused by the normalization or decline in commodity prices on tax revenue.

May 15, 2023

Releasing New Rules, Government Slashes Gold Tax

Through Minister of Finance Regulation Number 48 of 2023, the government cut the Value Added Tax (VAT) rate on the transfer of gold jewelry to 1.1% and rearranged the tax provisions on gold bars, jewelry other than gold, and services related to gold transfer.

May 9, 2023

DGT Monitors Commodity Prices for The Revenue

Oct 7, 2022