Tag Archives: tax

More, More Taxes

We all know that tax is an important source of income to our country and it helps the development in many different sectors. However it is also aching to watch the reality that a large amount of taxes may probably end up in the pockets of tax officials. The current administration vowed to end this practice, but it seems that the journey is far from reaching the finish line.

Indonesia Finance Ministry Seeks to Collect Rp 100 Trillion More in Taxes in 2011

Indonesia aims to lift tax collection by Rp 100 trillion ($11.17
billion) in 2011 to 12 percent of gross domestic product, Finance
Minister Agus Martowardojo said on Wednesday.
“Next year, for 2011, we will increase tax by an additional Rp 100
trillion. The target for this year is around 700 trillion (rupiah). So
it will become 800 trillion (rupiah). It will be 12 percent of GDP,” he
told Reuters.
The government is trying to increase tax collection to improve its
long-term finances as it seeks to achieve an investment grade credit
rating in the coming years.
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