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Indonesian parliament passes major tax overhaul bill By Reuters

by Mike Robinson

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JAKARTA, Reuters – The Indonesian parliament passed the government’s tax reform proposals on Thursday, said deputy speaker MuhaiminIskandar. These included raising the value-added tax rate for next year, and eliminating a corporate tax reduction.

It also introduces a 35% tax on income above 5 billion Rupees ($351,000) per annum, as well as a carbon tax and tax amnesty.

$1 = 14.245.0000 rupees

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