OJK gives feedback on the governments policy on incentives for REIT
The government in late May 2016 will observe credit card transaction as a basis for taxation data
The Asian Development Bank (ADB) predicted the growth of Indonesias economy at around 5.2% this year. The numbers may rise into 5.5% in 2017.
The government hints to lower tax revenue this year to set more realistic target
The Indonesian government, through the Coordinating Minister for Economic Affairs Darmin Nasution and Cabinet Secretary Pramono Anung, has announced 4 points of policies in the 11th economic policy package, Tuesday (3/29/2016).
Indonesian and Afghanistan governments have agreed to seek a chance for trade value increase in the future with the target of around US$200 million in 2016-2017.
The fiscal authority is optimistic that spending of State Budget and Expenditure 2016 will reach 95-97% of the target, better than last years 90.5%
Southeast Asian countries are predicted to make varied economic growth in the next two years. Countries with the focus on domestic consumption will be the most superior ones in the territory, in term of economic growth.
The weakening of Chinas economy and the sluggish global commodity prices in quite long period as well as the capital flight risk from negative interest policy in developed countries may still be shadowing Indonesias economic growth until 2019.
The governments load in realizing tax revenue target this year seems heavier. Until the end of February 2016, the tax revenue realization still reached IDR124,21 trillion or 9.13% of the State Budget target at IDR1,360.2 trillion.
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