Tax
From The Report: Indonesia 2014
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Featuring a tax viewpoint from OBG partner, Ay-Tjhing Phan, Tax Leader, PwC Indonesia, this chapter gives an overview of the tax system in Indonesia, with focus on changes to the tax system in recent years and regulations for potential investors.

Articles from this Chapter

Overview

Evolving environment: Changes to the tax system and regulations for potential investors
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The Indonesian tax system continues to evolve but for several years has been mainly based on three primary tax laws: the General Tax Provisions and Procedures Law, the Income Tax Law, and the Value-Added Tax (VAT) and Luxury Sales Tax (LST) Law. These tax laws are routinely amended to accommodate the country’s rapidly changing business environment and support the government objectives of improving the investment climate while increasing tax revenues. In an effort to reshape and improve Indonesia’s…

Viewpoint

Ay-Tjhing Phan, Tax Leader, PwC Indonesia, on optimising potential
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Indonesia has the potential to be Asia’s economic star of the next decade. That its long-term future is sound and promising despite the challenges is confirmed by the views of some 500 prominent business leaders, polled in PwC’s APEC CEO survey 2013. Indonesia is emerging as one of their top investment destinations. Even so, Indonesia needs balance, coordination and focus if it is to optimise its potential. Over the last decade, Indonesia’s tax system is much improved, both in revenue collection…