The Indonesian parliament will vote on Thursday on whether to back the government's proposals for one of the country's most ambitious tax overhauls, including raising the VAT rate, a new carbon tax and cancelling a planned corporate tax cut.
The government has said the Tax Harmonisation bill is aimed at optimising revenue collection, while ensuring a fairer tax system, after state coffers took a big hit last year due to the COVID-19 pandemic.
It would also keep the corporate tax rate unchanged at 22%, compared with a earlier plan to cut it to 20% next year. Other measures in the bill include a higher income tax rate for wealthy individuals, an income tax cut for most other people, a new carbon tax and a new tax amnesty programme. The changes from the original proposals were positive for public finances and the economic recovery, said Myrdal Gunarto, an economist with Maybank Indonesia.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Romania faces political crisis after government collapseRomania faces fresh political instability after liberal PM Florin Citu's government was brought down by a no-confidence vote in parliament
Leer más »
Pandora Papers: Massive Leak Exposes Offshore Dealings of 35 World Leaders, Hundreds of Public FiguresAround 600 journalists from 150 media outlets in 117 countries worked to dig through the almost 12 million files.
Leer más »
Student-Debt Relief to Include More Public-Sector WorkersThe Biden administration plans to overhaul the Public Service Loan Forgiveness program that could help roughly 550,000 loan borrowers.
Leer más »
White House restoring environmental reviews for big projectsIn the latest reversal of a Trump-era environmental rollback, President Biden is restoring federal regulations guiding environmental reviews of major infrastructure projects such as highways and pipelines.
Leer más »
Home Depot hires Walmart delivery drivers to drop off paint and more to customers' doorsThe home improvement retailer is the first major customer for Walmart's new last-mile delivery service.
Leer más »
TikTok Invented Yet Another Easy Eyeliner Hack for Hooded and Monolid EyesThis extremely simple technique is a major game changer for folks with limited lid space.
Leer más »