The Director General of Taxes, Bimo Wijayanto, has confirmed that there will be no increase in Value Added Tax (VAT) rates to boost state revenue under the leadership of Finance Minister Suahasil Nazara.
Suahasil Nazara has officially assumed his duties as the Minister of Finance of the Republic of Indonesia, continuing the 2024β2029 Red and White Cabinet.
Indonesiaβs Asset Forfeiture Bill does not only target corruption cases. Tax crimes are also included among the 13 types of criminal offenses covered by the proposed legislation.
The Indonesian Government estimates that tax expenditures will reach IDR 632 trillion in 2027, an increase of approximately 9.6% compared with the 2026 projection of IDR 576.4 trillion.
Indonesiaβs Minister of Finance, Purbaya Yudhi Sadewa, has revealed alleged tax evasion involving several companies in the steel and building materials sectors.