Tag
#High Wealth Individual
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articleThe Government Cancels Plans to Impose VAT on Toll Roads and Taxes on the Wealthy. Here’s Why!
The government has canceled plans to impose VAT on toll roads and a tax on the wealthy. The policy has been postponed to help maintain purchasing power amid the ongoing economic recovery.
Apr 27, 2026
articleDGT Targets "Crazy Rich" Tax Filings, Many Tax Returns Deemed Inconsistent with Data
The tax filings of Indonesia’s "crazy rich" are under the spotlight of the Directorate General of Taxes (DGT). Many tax returns (SPT) are deemed inconsistent with comparative data, leading to stricter risk-based tax supervision.
Dec 12, 2025
articleTrump Proposes Tax Hike for the Wealthy
Trump is considering increasing taxes for wealthy Americans to as high as 39.6%. This move is aimed at maintaining the national budget and funding priority programs.
May 10, 2025
articleG20 Evaluates 2% Minimum Tax on Super-Rich Assets
G-20 member countries are reviewing the implementation of a 2% minimum tax on the wealth of the world's super-rich.
Jul 25, 2024
articleThe 2025 Revenue Strategy: Targeting High-Income Individuals
One of the targets of tax compliance monitoring in 2025 is Individual Taxpayers with high incomes, known as High Wealth Individuals (HWI).
Jun 10, 2024
articleHaving an Income Over IDR 5 Billion, Thousands of People are Subject to a 35% Income Tax Rate
This group of income tax rates for individuals is the highest layer set by the government in Law (UU) Number 7 of 2021 on Harmonization of Tax Regulations (HPP).
Jan 10, 2023
articleLayer Added, Income Above IDR 5 Billion is a Subject to 35% Income Tax Rate
Minister of Finance Sri Mulyani plans to add a layer of taxable income, for individual taxpayers who earn above IDR 5 billion per year will be subject to an income tax of 35%.
May 27, 2021
