Indonesia considers charging a minimum tax on some companies: Official

Indonesia considers charging a minimum tax on some companies: Official
A vendor pushes his fried tofu cart across a busy street in Jakarta, Indonesia.
PHOTO: Reuters

JAKARTA - Indonesia's finance ministry is considering imposing a minimum tax on either a firm's turnover or assets when the company has reported losses for years but is still operational, a ministry official said on Friday.

Goro Ekanto, who works on revenue policy in the fiscal policy office, said the government is suspicious about some companies that have reported losses and paid no income tax for years but are still running their businesses normally.

Ekanto said the government is considering including the minimum tax under the revision of the Income Tax Law, scheduled to be discussed with the parliament this year.

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