Indonesian Political, Business & Finance News

Archive: 23 June 2025

7 articles found

Legal Expert Suggests Former President Jokowi Be Called to Testify in Tom Lembong Sugar Import Corruption Trial

TEMPO.CO, Jakarta - Administrative law expert from Atma Jaya University Yogyakarta, Wiryawan Chandra, has suggested that former president Joko Widodo be called to testify in the sugar import corruption trial of former trade minister Thomas Trikasih Lembong, also known as Tom Lembong. Wiryawan argued that examining Jokowi in court is important to clarify the positions of those who gave and those who received orders regarding the fulfilment of sugar stocks.

Cilegon Mayor Affirms Government's Role as Facilitator in PT Chandra Asri Alkali Partnership

CILEGON – Cilegon Mayor Robinsar has affirmed that the government’s role in its cooperation with PT Chandra Asri Alkali (CAA) is solely to serve as a bridge between the company’s operational needs and local businesses. He made the statement following a deliberation meeting on the Regional Medium-Term Development Plan (RPJMD) with the Cilegon Regional Legislative Council (DPRD) on Monday (23/6/2025). “We are only facilitating.

AMRO Urges Indonesia to Improve VAT Collection Efficiency

JAKARTA, DDTCNews — The ASEAN+3 Macroeconomic Research Office (AMRO) is urging Indonesia to improve the efficiency of its value-added tax (VAT) collection. Indonesia’s VAT collection has been deemed inefficient due to the high taxable entrepreneur (PKP) threshold and the large number of goods and services exempt from VAT. The inefficiency of VAT collection is reflected in Indonesia’s low VAT C-efficiency ratio.

Government Issues Risk-Based Business Licensing Regulation PP 28/2025

A crane operator moves containers from a cargo vessel to a truck at Teluk Lamong Terminal, Surabaya, East Java. (ANTARA/Didik Suhartono) The government has issued Government Regulation (PP) No. 28/2025 on the Implementation of Risk-Based Business Licensing (PBBR). The regulation was signed by President Prabowo Subianto on 5 June 2025 and took effect upon its promulgation. The regulation is a refinement of PP No. 5/2021 as part of the implementation of Law No. 11/2020 on Job Creation.

Downstream Processing Programme Shows Tangible Results in Strengthening National Economy

The downstream processing (hilirisasi) programme continuously promoted by the government throughout 2025 has demonstrated tangible results in strengthening the foundations of the national economy. Through an industrialisation approach based on added value, Indonesia has begun to move away from dependence on raw material exports and is transforming into a processing-based industrial nation.

Government Regulation Affirms OSS System as Channel for Tax Incentive Applications

JAKARTA, DDTCNews - The government has issued Government Regulation (PP) 28/2025 on the Implementation of Risk-Based Business Licensing, which also affirms the role of the Online Single Submission (OSS) system as a channel for applying for tax incentives. The topic was among the subjects covered by national media on Monday (23/6/2025). Under Article 188 paragraph (3) of PP 28/2025, the investment facility subsystem is stipulated as one of seven subsystems within the OSS framework.

Badung Regent Highlights Untapped Regional Tax Potential from Thousands of Licensed Businesses

MANGUPURA - The Regent of Badung has recently drawn attention to regional taxes that have yet to be collected by the local government. Data from the Online Single Submission (OSS) system shows that between 2020 and 2025, of the 40,060 business licences issued, only 10,467 businesses hold a Regional Taxpayer Identification Number (NPWPD) and Regional Tax Object Number (NOPD).