Under Guided Sri Mulyani and Retno Marsudi: Indonesia’s Economic and Foreign Affairs Policy 2023
prada.substack.com
As Budget 2023 approaches, calls to streamline the capital-gains-tax rules across the rich, equity, debt, real estate, and mutual funds, are getting louder. The Harmonized Tax Law passed last year stipulates that VAT be raised to 11 percent this year and 12 percent three years later, from 10 percent presently. The law also raises income taxes on the rich, scraps a proposal to cut corporate income taxes and introduces carbon taxes, among other measures. Sri Mulyani said the government needed to reform its tax policy to achieve fiscal consolidation plans. She gave an assurance that the government would, through social aid programs, shield low-income groups from the effects of the hike.
Under Guided Sri Mulyani and Retno Marsudi: Indonesia’s Economic and Foreign Affairs Policy 2023
Under Guided Sri Mulyani and Retno Marsudi…
Under Guided Sri Mulyani and Retno Marsudi: Indonesia’s Economic and Foreign Affairs Policy 2023
As Budget 2023 approaches, calls to streamline the capital-gains-tax rules across the rich, equity, debt, real estate, and mutual funds, are getting louder. The Harmonized Tax Law passed last year stipulates that VAT be raised to 11 percent this year and 12 percent three years later, from 10 percent presently. The law also raises income taxes on the rich, scraps a proposal to cut corporate income taxes and introduces carbon taxes, among other measures. Sri Mulyani said the government needed to reform its tax policy to achieve fiscal consolidation plans. She gave an assurance that the government would, through social aid programs, shield low-income groups from the effects of the hike.