The Ministry of Industry is proposing a new car tax exemption to increase the national automotive industry’s enthusiasm. This proposal expected to last until the end of 2020. Minister of Industry Agus Gumiwang Kartasasmita directly expressed the proposal. He proposed relaxing the tax on new car purchases by 0% or reduce motor vehicle taxes (PKB). “We have proposed to the …

Coordinating Ministry for Political, Legal, and Security Affairs ( Kemenpolhukam) Mahfud Md said that next month Indonesia is facing a “near-certain recession”. “Meanwhile, economic life continues to decline. Next month it is almost certain that there will be an economic recession in Indonesia 99.9%,” said Mahfud when giving a speech at the Yogyakarta artists and cultural gathering event at Warung …

Minister of Education and Culture, Nadiem Anwar Makarim promised to provide subsidized internet quota for students and teachers. The allocated budget reaches Rp 7.2 trillion. This allowance is provided to support distance learning or Pembelajaran Jarak Jauh (PJJ) during the Covid-19 pandemic. “Internet quota subsidy for students, teachers, college students, and lecturers for 4 months. Students get 35 GB/month, teachers …

In the quarter II-2020, Indonesia’s economic growth contracted or -5.32% compared to the previous quarter II-2019 (year on year). Meanwhile, the Central Statistics Agency (BPS) reports quarterly or from the first quarter of 2020 to the second quarter of 2020, Indonesia’s economy contracted -4.19% (QtQ). Although Indonesia’s economic growth is experiencing a minus, according to Finance Minister Sri Mulyani Indrawati, …

It seems that digital companies based in the United States (US) that operate in several countries including Indonesia, such as streaming services Netflix, social media Facebook, digital music streaming Spotify, also giant e-commerce Amazon, cannot yet be charged digital tax in the near future. This was stated by Minister of Finance Sri Mulyani who said that Indonesia and the major …

The government increased the budget allocation for handling coronavirus (Covid-19) by Rp405 trillion. This was also stated in the Government Regulation in Lieu of Law (Perppu) No. 1 of 2020 concerning State Financial Policy and Financial System Stability, which was signed on 31 March. President Joko “Jokowi” Widodo used several financial items such as the 2020 State Revenue and Expenditure …

The Indonesian Anti-Corruption Society (MAKI) called on President Joko “Jokowi” Widodo or Minister of Finance Sri Mulyani to attend the trial related to the judicial review of Government Regulation Number 1 of 2020 concerning State Financial Policy and Financial System Stability for Handling Covid-19 Pandemic. The trial is planned to be held in the Plenary Court Room of the Constitutional …

The World Health Organization (WHO) is given the mandate to coordinate the search for vaccines for the new corona virus or Covid-19. This was agreed at the Extraordinary High Level Conference or G20 Summit which took place virtually. According to Foreign Minister Retno Marsudi said the commitment of the leaders was an international effort in COVID-19. “Leaders support and are …

The government has prepared funds of Rp 6.1 trillion for incentive funds that will be given to corona pandemic medical workers. This was the realization of what President Joko “Jokowi” Widodo said about incentives for medical workers to specialist doctors because they had become the frontline in handling COVID-19. Presented by the president, this plan was finalized and agreed with …

The Director General of Customs and Excise of the Ministry of Finance Heru Pambudi issued Circular No. SE-04 / BC / 2020 on March 17, 2020, which regulates the release of ethyl alcohol excise as a raw material for making hand sanitizers to antiseptics in order to accelerate the prevention of Corona virus in Indonesia. “To provide convenience in making …