Hospitality Industry Affected by Budget Efficiency Policy from Indonesian Government
President Prabowo Subianto’s ambitious goal to achieve budget efficiency of USD 44 billion, equivalent to IDR 750 trillion, in his first year is making...
IMF Ranks Indonesia as 8th Largest Economy, Outperforming France and the...
In a surprising turn, the International Monetary Fund (IMF) has confirmed that Indonesia ranks as the world's eighth-largest economy. This ranking is based on...
Increasingly Reliable, QRIS and BI-Fast Transactions Surge Throughout 2024
The convenience of making payments in Indonesia has reached new heights with QRIS and BI-Fast. Bank Indonesia (BI) has reported a significant surge in...
Here’s How to Calculate the New 12 Percent VAT on Luxury...
Indonesia is setting the stage for a significant tax shift as the government finalizes plans to impose a 12 percent Value-Added Tax (VAT) on...
Pioneering Industries Lead the Way in Reaping Tax Holiday Benefits in...
Tax holidays remain one of Indonesia’s most powerful tools to attract foreign investment. The question is, which industries reap the most rewards from this...
Indonesia Ranks Seventh in Global IPO Activity by Q3 2024
Indonesia's capital market continues to shine, with 34 companies conducting initial public offerings (IPOs) by the third quarter of 2024. This achievement places Indonesia...
Indonesia Becomes the World’s Largest Sukuk Issuer, Reaching up to USD...
Bank Indonesia’s recent achievements have positioned Indonesia as the world’s leading issuer of sukuk, outpacing even the Islamic Development Bank (IsDB). With nearly USD...
Indonesia Prepares to Implement 15% Global Minimum Tax Starting in 2025
Starting in 2025, Indonesia will officially adopt the global minimum tax (GMT), an initiative led by the Organisation for Economic Cooperation and Development (OECD)...
Indonesia and South Korea Take Bold Step to Move Away from...
Countries worldwide are increasingly seeking to reduce their reliance on the US Dollar in international transactions, and Indonesia is no exception. Towards financial independence,...
The Indonesian Government Confirms VAT Increase to 12% on January 1,...
The uncertainty surrounding Indonesia's Value Added Tax (VAT) increase has finally been laid to rest. Starting January 1, 2025, the VAT rate will officially...
