Indonesia’s tax revenue reached Rp194 trillion in the first quarter of 2016, down 2.1% from the tax revenue in the same period a year before. Finance Minister Bambang Brodjonegoro blamed this poor result on lower income from value-added taxes (VATs) due to tax restitution, and people’s low consumption amid sluggish economic growth. Meanwhile, he informed the press of Indonesia plans to cut personal income tax, a move aimed at boosting tax compliance.To subscribe please click here
