Other Briefings
Indonesia to Change Luxury Goods Tax, Mulls Raising PIT-Exempt Threshold
Several items will soon be exempt from Indonesia’s luxury tax. The country is also considering raising the individual income tax-free allowance by 50%.
ASEAN Regulatory Brief: Airport Services, GST, Fuel Subsidies, and Tax Incentives
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Thailand, Malaysia, the Philippines, and Indonesia during the months of May and June.
China-ASEAN Cost of Business Comparisons – Executive Summary
Our nine part series on the cost of doing business in ASEAN compared with China details cost of labor and taxes, together with bilateral trade profiles between China and ASEAN countries.
Indonesia Extends Tax Holiday in Bid to Attract More Foreign Investment
Indonesia has announced plans to extend the validity of the country’s tax holiday from the current 10 years to a maximum of 15 years. The tax holiday applies to investments over IDR 1 trillion (US$76 million), labor-intensive investments, and investments into eastern Indonesia (an economically poorer region). Additionally, the tax holiday will be applied to investments into “pioneer” sectors.
ASEAN’s 2015 AEC Compliance Deadline – What It Actually Means
Chris Devonshire-Ellis explains what the much publicized “AEC Deadline” which is due at 31st December 2015 really means for your business in ASEAN.
Indonesia Gives Tax Breaks to Exporting Manufacturers
Indonesia has brought in tax breaks for enterprises exporting a minimum of 30 percent of their production, in line with tax breaks for multinationals re-investing profits in-country rather than sending profits and dividends to overseas shareholders.
Indonesia’s Economy Struggles to find its Footing
For the second quarter in a row, Indonesia’s economy contracted as exports and government spending continued to decline – GDP was down 0.18 percent. The country’s currency, the rupiah, also fell.
City Spotlight: Investing in Jakarta
Located on the northwest coast of Java, Jakarta is the capital of Indonesia and the largest city in the country. Strategically located in the archipelago, Jakarta serves as the gateway to the rest of the country. In this article, we the city’s key industries and opportunities for SMEs.
The Cost of Business in Indonesia Compared With China
The second part in our comprehensive look at how doing business in ASEAN compares with China, this time focusing on Indonesia.
Indonesia Struggles to Strengthen Weakening Rupiah
Tuesday, March 17th, Indonesia’s central bank, Bank Indonesia, announced that it will hold the country’s key interest rate steady at 7.5 percent. The bank has chosen not to follow the recent regional trend of countries drastically cutting their borrowing costs. Markets have so far met the news positively and the rupiah has strengthened 0.6 percent to 13,165 against the dollar – the largest gain in eight weeks. Indonesia’s government has been struggling to strengthen a rapidly weakening rupiah, the country’s currency. The rupiah is Asia’s worse performing currency against the U.S. dollar this year.
