• Tax

    In collaboration with a leading local accountancy firm, OBG provides an overview of the tax system, including information on corporate, sales and income taxes. Other topics include repatriation of profits, capital movements, investment incentives, Customs duties and free zones.
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Indonesia has a young and vibrant population that is also tech savvy, energetic and full of new business ideas. Indonesia has become well known in South-east Asia for the frequency at which we produce new tech unicorns – start-ups valued at $1bn and above – and other dynamic business enterprises. Indeed, an Indonesian company became the region...

 

In 2019 Indonesia recorded an economic growth rate of 5.3%. From an output perspective, the agriculture, forestry and fisheries sectors, as well as trading and construction, significantly contributed to the country’s GDP. In terms of tax intake, the government set a revenue target of Rp1786trn ($125.9bn) for the year and had successfully...

 

Indonesia is the largest economy in South-east Asia, the world’s fourth-most-populous nation, the 10th-largest economy in terms of purchasing power parity and a member of the G20. PwC’s “World in 2050” report predicted that, by 2050, Indonesia will be the fourth-largest economy in the world. However, President Joko Widodo, commonly known as...

Chapter | Tax & Business from The Report: Indonesia 2020

The Indonesian government set a tax revenue target of...

Indonesia is the world’s 16th-largest economy and presents an enticing opportunity for investors, with ongoing reform efforts and attractive demographics. Meanwhile, a booming start-up ecosystem signals the country’s rising consumer power and regional influence. While headwinds are expected to follow Covid-19, Indonesia’s strong foundations will help maintain momentum in the medium to long term.

Extensive fiscal measures have been in put in place across the GCC, with a view to offsetting the impact of the coronavirus on individuals, businesses and the broader economy. Measures have primarily been aimed at stimulating economic activity in the private sector and supporting entities that are struggling to manage their cashflows and tax compliance.

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