TAX
Down but Not Out

With a new reduced income tax rate, state losses may reach Rp34 trillion.

June 17, 2008

THE mounting exhaustion at Sunday dawn two weeks ago seems to be partially made up for. The Ad Hoc Committee for Deliberating the Income Tax Bill of the House of Representatives (DPR) and the government agreed on several crucial matters. One of them is the tax rate. As a whole, the income tax rates for individuals or companies go down. Rate groupings are also simplified, for corporate income tax there is only one single rate.

The agreement was r

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