Indonesia to delay import duties, corporate income tax payments to cope with COVID-19
Indonesia is set to delay import duties and corporate income tax payments for six months while also expediting the repayment of overpaid taxes in new fiscal measures to shield the economy as the COVID-19 outbreak pressures businesses.
A number of taxpayers file their returns with the Jakarta Tax Office in Tanah Abang, Central Jakarta. (Source: Jakarta Post)
Hanoi (VNA) - Indonesia is set to delay import duties and corporateincome tax payments for six months while also expediting the repayment ofoverpaid taxes in new fiscal measures to shield the economy as the COVID-19outbreak pressures businesses.
Coordinating Economic Minister Airlangga Hartarto said on March 11 the fiscalstimulus aims to stimulate manufacturing activity, adding that the government isfinalising the supporting regulations to enact such policy, according to theJakarta Post newspaper.
The stimulus package is expected to be implemented in April after preparing thelegal background.
Manufacturing industries have complained of raw materials supply disruptionthat has crippled factories across Indonesia. Twenty to 50 percent of rawmaterials for the country’s industries are sourced from China, Indonesia’sbiggest trade partner.
According to Industry Minister Agus Gumiwang Kartasasmita, the stimulus forimport taxes aims to fulfil industry needs of raw materials.
Meanwhile, Finance Minister Sri Mulyani Indrawati said the move to providethese incentives takes aim at relieving industries’ burden caused by the disease.
The government is also set to temporarily exempt manufacturing workers fromincome tax payment to relieve workers’ burden, she said.
The minister has warned economic growth could weaken to 4.7 percent this yearfrom 5.02 percent in 2019 amid increasing business disruptions caused by the outbreak./.
Indonesia and the Netherlands have signed a number of cooperation agreements worth 1 billion USD in total during the visit of Dutch King Willem-Alexander and Queen Maxima to the Southeast Asian country.
Indonesian Deputy Foreign Minister Mahendra Siregar on March 11 stressed that Indonesia could not accept the European Union (EU)’s energy policy, describing it as discriminatory.
Multinational Scatec Solar plans to invest 70 million USD to build a 70MW solar photovoltaic plant in Labuan Bajo, a famous tourist destination in Indonesia’s East Nusa Tenggara.
Indonesia’s Jakarta Governor Anies Baswedan has said that the city administration would limit public interaction as a precautionary measure to protect local residents from the COVID-19 outbreak.
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Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
A number of taxpayers file their returns with the Jakarta Tax Office in Tanah Abang, Central Jakarta. (Source: Jakarta Post) 
