Ministry of Finance Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/ministry-of-finance/ Latest business news media headlines platform today | Lets talk Business Sat, 28 Dec 2024 08:29:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png Ministry of Finance Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/ministry-of-finance/ 32 32 Finance Minister says Indonesia’s VAT is among the lowest in the world https://heaptalk.com/govact/finance-minister-says-indonesias-vat-is-among-the-lowest-in-the-world/ Sat, 28 Dec 2024 08:29:29 +0000 https://heaptalk.com/?p=45251 Heaptalk, Jakarta — Minister of Finance Sri Mulyani stated that Indonesia’s value-added tax (VAT) is still relatively low compared to countries worldwide, even though it has increased to 12%. “VAT in Indonesia, compared to various countries, is still relatively low. Whether in emerging countries, regional countries, or G20 countries,” said Sri Mulyani. Sri Mulyani also […]

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]]> Tangerang City wins Best Regional Transfer Realization Award for 2024 https://heaptalk.com/govact/tangerang-city-wins-best-regional-transfer-realization-award-for-2024/ Tue, 17 Dec 2024 08:36:58 +0000 https://heaptalk.com/?p=45003 Heaptalk, Jakarta — Closing 2024, the Tangerang City Government received the Best Regional Transfer Realization Award for 2024 from the Ministry of Finance through the Directorate General of Treasury, Banten Province Regional Office. The award was directly presented by Al Muktabar, Acting Governor of Banten, to Herman Suwarman, Regional Secretary of Tangerang City, at the […]

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]]> Tax hike of 12%: Sri Mulyani plans to pardon tax evaders https://heaptalk.com/govact/tax-hike-of-12-sri-mulyani-plans-to-pardon-tax-evaders/ Fri, 22 Nov 2024 02:25:54 +0000 https://heaptalk.com/?p=44402 Heaptalk, Jakarta — Amid public protests over the planned increase in Value-Added Tax (VAT) to 12%, Finance Minister Sri Mulyani has opened the possibility of granting tax evaders amnesty through a third round of the Tax Amnesty program. “This Tax Amnesty program is included in the Draft Legislative Priorities (Prolegnas) for 2025. This indicates that […]

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]]> Ministry of MSMEs proposes extension of 0.5% income tax policy for MSMEs expiring in December 2024 https://heaptalk.com/govact/ministry-of-msmes-proposes-extension-of-0-5-income-tax-policy-for-msmes-expiring-in-december-2024/ Fri, 22 Nov 2024 02:25:24 +0000 https://heaptalk.com/?p=44419 Heaptalk, Jakarta — The 0.5% income tax policy (PPh) for Micro, Small, and Medium Enterprises (MSMEs) is set to expire in December 2024, as stipulated in Government Regulation (PP) Number 23 of 2018 on Income Tax for Income from Businesses Received or Earned by Taxpayers with Certain Gross Revenue. Minister of MSMEs, Maman Abdurrahman, announced […]

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]]> Sri Mulyani is worried about the declining manufacturing industry https://heaptalk.com/govact/sri-mulyani-is-worried-about-the-declining-manufacturing-industry/ Wed, 25 Sep 2024 09:15:44 +0000 https://heaptalk.com/?p=39378 Heaptalk, Jakarta — The manufacturing industry has been a significant concern for many, especially in 2023, when its growth only reached 18%. In 2024, as reported by S&P Global, it contracted and dropped to 48.9. “Purchasing Manager’s Index entering a contraction phase is something we need to be cautious about, but we hope the 9% […]

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]]> Finance Ministry tightens new account regulations due to online gambling https://heaptalk.com/govact/finance-ministry-tightens-new-account-regulations-due-to-online-gambling/ Tue, 03 Sep 2024 07:20:49 +0000 https://heaptalk.com/?p=38204 Heaptalk, Jakarta — The rise in the opening of new accounts for online gambling has prompted the Minister of Finance to issue Minister of Finance Regulation (PMK) Number 47 of 2024 on technical guidelines for accessing financial information for tax purposes. “This regulation, among other things, tightens the rules for opening new accounts and banking […]

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]]> Effective in 2025, Finance Ministry reveals goods and services exempt from the 12% VAT https://heaptalk.com/govact/effective-in-2025-finance-ministry-reveals-goods-and-services-exempt-from-the-12-vat/ Wed, 21 Aug 2024 06:12:09 +0000 https://heaptalk.com/?p=37363 Heaptalk, Jakarta — Finance Minister Sri Mulyani has confirmed that the government will increase value-added tax (VAT) to 12% in 2025 (08/20). However, certain goods and services will not be subject to the 12% VAT, even though the rate will increase next year, based on the Harmonization of Tax Regulations Law Articles 4A and 16B […]

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]]> Finance Ministry bags US$1.59b in digital economy tax revenue by June 2024 https://heaptalk.com/govact/finance-ministry-bags-us1-59b-in-digital-economy-tax-revenue-by-june-2024/ Mon, 22 Jul 2024 08:45:37 +0000 https://heaptalk.com/?p=35449 Heaptalk, Jakarta — As of June 30, 2024, the Ministry of Finance, through the Directorate General of Taxes, had collected Rp25.88 trillion, approximately US$1.59 billion (US$1 equals Rp16,220), in revenue from the digital economy sector, as reported by Kontan. This revenue comes from four sources: value-added tax (VAT) on trade through the electronic system, amounting […]

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]]> Ministry of Finance unveils tax regulations on childbirth costs https://heaptalk.com/govact/ministry-of-finance-unveils-tax-regulations-on-childbirth-costs/ Mon, 10 Jun 2024 03:38:51 +0000 https://heaptalk.com/?p=32649 Heaptalk, Jakarta — The Indonesian public is currently abuzz with discussions about the expected increase in childbirth costs due to the imposition of value-added tax (VAT). In response to this issue, the Ministry of Finance, through Dwi Astuti, the Director of Education, Services, and Public Relations at the Directorate General of Taxes, denied that childbirth […]

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]]> Minister Budi reveals the impact of Iran’s attack on Israel on Indonesian startups https://heaptalk.com/news/minister-budi-reveals-the-impact-of-irans-attack-on-israel-on-indonesian-startups/ Tue, 16 Apr 2024 09:40:22 +0000 https://heaptalk.com/?p=27500 Heaptalk, Jakarta — Iran’s attack on Israel indeed took the world aback, including Indonesia. However, this incident has not yet significantly impacted Indonesia’s digital-based industries, including startups. Minister of Communication and Informatics (Kominfo) Budi Arie Setiadi informed the media after Halal Bihalal at his office in Jakarta on Tuesday (04/16) that there had been no […]

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