Indonesia's Prabowo considers corporate tax cut, report says
JAKARTA - Indonesia's incoming president, Prabowo Subianto, will review the possibility of cutting the corporate income tax to 20% from 22%, CNBC Indonesia reported on Sunday, citing an adviser.
"We do hope that at some point we can reduce corporate income tax," CNBC Indonesia quoted Prabowo adviser Dradjad Wibowo as saying.Foreign investors have been worried that Prabowo, who plans to expand the number of government ministries, may ease fiscal discipline in Southeast Asia's largest economy. A senior aide has said Prabowo will stick to agreed 2025 spending levels and adhere to existing budget rules.
"We will see how the state revenue performance is, if there is an opportunity for it, we want to reduce it so that it is not too burdensome for the people."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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