JAKARTA. Finance Ministry’s taxation director general Ken Dwijugiasteadi expresses hope that corporate income tax can reach as low as 10%, from the current 25%, in the anticipated revision of the Income Tax Law. The government, he said, would bring the proposal to the House of Representatives should the latter give the nod for the revision of the law. “We also look at the country’s tax base. If it’s already high, it [the corporate income tax rate] can be lowered to up to 10% like value-added tax rate, let alone 17%,” Ken said on the sidelines of a tax amnesty dissemination event in South Jakarta.
Indonesia eyes lowering corporate income tax
JAKARTA. Finance Ministry’s taxation director general Ken Dwijugiasteadi expresses hope that corporate income tax can reach as low as 10%, from the current 25%, in the anticipated revision of the Income Tax Law. The government, he said, would bring the proposal to the House of Representatives should the latter give the nod for the revision of the law. “We also look at the country’s tax base. If it’s already high, it [the corporate income tax rate] can be lowered to up to 10% like value-added tax rate, let alone 17%,” Ken said on the sidelines of a tax amnesty dissemination event in South Jakarta.