#Income
Indonesia’s Q2 2025 economic growth hits 5.12 percent, but impact remains elusive
A market analyst has challenged the accuracy of the 5.12 percent year-on-year (yoy) growth of Indonesia’s economy in the second quarter (Q2) of 2025 as reported by Statistics Indonesia (BPS), asking whether this growth is truly reflected in the daily lives of ordinary citizens.
Indonesia eliminates VAT on crypto, raises income tax to support local platforms
The government has eliminated the Value Added Tax (VAT) on cryptocurrency transactions while increasing the final income tax (PPh Article 22) rate, as outlined in the newly issued Finance Minister Regulation (PMK) No. 50/2025, which tackes effect on August 1, 2025.
Energy sector contributes Rp400 T, falling commodity prices drag down revenues: ESDM ministry
The Ministry of Energy and Mineral Resources (ESDM) has revealed that the national energy sector − through total earnings from taxes, non-tax revenues, and other sources − contributes approximately Rp400 trillion (US$25 billion) to state revenues annually, said Director General of Mineral and Coal at the ministry Tri WInarno.