Tuesday, 18 June 2013 | 14:14
The Ministry of Religious Affairs - Ministry of Foreign Affairs
joint delegation will depart to Saudi Arabia to lobby the
government on Thursday.
Tuesday, 18 June 2013 | 14:01
The Judicial Commission of Indonesia will nominate a new leader
Tuesday, 01 May, 2012 | 12:33 WIB
Mineral Sector Income to Compensate the State's Reduced Revenues
TEMPO Interactive, Jakarta:Coordinating Minister for Economy Hatta Rajasa said that the state's revenues will not reduce if the government raises the annual non-taxable income (PTKP) limit for workers to Rp24 million, since the revenue from mineral sector is expected to make up for the deficit.
"Although there is less income up to around Rp. 12 trillion, it will be compensated through the royalty fee hike in the mineral sector”, Hatta said on Monday. He pointed out that the government will also generate additional income from consumption sector as the tax policy is expected to encourage public's higher buying power. In addition, he also said, anticipating the income deficit, the government is also tightening its supervision of export performance to generate additional export income. .
He added that the government's plan to increase the annual PTKP limit from Rp15,8 million is aimed at improving workers' welfare. He expected the House to pass the policy when the government proposes it during the consultation forum scheduled after the recess, since it has been 3 years since the last revision made during the implementation of Law No. 36 of 2008 regarding Income Tax. ***