Indonesian Political, Business & Finance News

Video: Holiday Allowance Arrives, Taxes Follow

| Source: CNBC Translated from Indonesian | Finance
Video: Holiday Allowance Arrives, Taxes Follow
Image: CNBC

As the Islamic holiday of Eid al-Fitr approaches, there is one moment that Indonesian workers eagerly anticipate: the arrival of their annual holiday allowance, known as tunjangan hari raya (THR), into their bank accounts. For many people, the THR is like a “sigh of relief” after a year of work. This additional income is typically used immediately for various Eid-related needs, ranging from purchasing travel tickets for returning home to preparing festive meals for the family, providing pocket money or red envelopes to relatives, and purchasing new clothing.

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