JAKARTA (The Jakarta Post/ANN): Workers in the manufacturing industry will not have to pay income taxes for six months as the government has announced measures to shield the economy from weakening economic activity against the backdrop of the Covid-19 pandemic.
Finance Minister Sri Mulyani Indrawati said the move to temporarily exempt manufacturing workers from income tax payment took aim at relieving workers' burden caused by the pandemic. Manufacturing industries have complained of raw material supply disruption that has crippled factories across Indonesia.
Sri Mulyani said the government was also set to delay import tax, corporate income tax as well as expedite overpaid tax repayment in the second stimulus package. She, however, declined to say how much revenue the government was expected to lose from the new stimulus package. Meanwhile, government spending reached Rp 139.8 trillion, down 9.1 per cent, from the same period last year. It resulted in a budget deficit of Rp 36.1 trillion, 0.21 per cent of gross domestic product in January.
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