The Finance Ministry reported that an economic slowdown in the second quarter (Q2) of 2020 had occurred, as reflected in the drop in tax revenue per April. The tax revenue contracted by 3.09% due to the COVID-19 outbreak. It has led to an economic slowdown. Value-added tax (PPN) only grew by 1.8%. Tax revenue from the corporate segment contracted by 15.23%.
To subscribe please click here
