Jakarta, April 22 -- Indonesia will refrain from introducing new taxes or raising existing rates until economic conditions and household purchasing power show clear improvement, Finance Minister Purbaya Yudhi Sadewa said on Wednesday.
He said the recovery of purchasing power remains a key consideration in deciding whether additional tax policies are necessary, as the government seeks to safeguard economic momentum.
"Before there is significant improvement in purchasing power and the economy, we will not introduce new taxes or increase existing tax rates," Sadewa said.
The minister noted that the government will rely on several indicators to assess economic recovery, including overall growth and consumer confidence surveys, rather than ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.