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Full salary: Manufacturing workers freed from six-month income tax burden

first_imgWorkers 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 coronavirus pandemic.Finance Minister Sri Mulyani Indrawati said the move to temporarily exempt manufacturing workers from income tax payment (PPh 21) 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.Twenty to 50 percent of raw materials for the country’s industries are sourced from China, Indonesia’s biggest trade partner. The government collected Rp 103.7 trillion in state revenue in January, down 4.6 percent from the same month last year. It collected Rp 84.7 trillion in taxes, down 6 percent compared to the same period last year.Meanwhile, government spending reached Rp 139.8 trillion, down 9.1 percent, from the same period last year. It resulted in a budget deficit of Rp 36.1 trillion, 0.21 percent of gross domestic product (GDP) in January.Economists have predicted that the fiscal deficit could soar this year as the government spends more to cushion the negative effects of the coronavirus but at the same time state income will be lower than expected as business activities weaken amid the pandemic.Read also: Battered by virus: Businesses across Indonesia feel the pinchThe government introduced a Rp 10.3 trillion (US$717.87 million) fiscal stimulus package to support the tourist industry and improve consumer spending to counter the economic impacts of the coronavirus outbreak.The World Health Organization (WHO) declared the coronavirus a new pandemic on Wednesday as it had shuttered factories, disrupted travel and supply chain, delayed conferences and sporting events and infected more than 120,000 people worldwide. More than 4,300 people have died.Indonesia announced its first death from the novel coronavirus on Wednesday as 34 individuals had tested positive for COVID-19 in the country.Topics : “This aims for all industries to have [breathing] space in this tight situation,” Sri Mulyani told reporters in Jakarta. “Their burden is being minimized by the government.”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.The minister has warned that economic growth could weaken to 4.7 percent this year from 5.02 percent in 2019 amid increasing business disruptions caused by the pandemic. Meanwhile, Bank Indonesia (BI) has said that it was likely to trim economic growth outlook in 2020 at this month’s board of governors meeting on March 18 and March 19.[RA::BI expects Q1 economic growth to drop to 4.9% as virus hurts tourism, tradehttps://www.thejakartapost.com/news/2020/03/04/bi-expects-q1-economic-growth-to-drop-to-4-9-as-virus-hurts-tourism-trade.html]last_img read more

Read More Full salary: Manufacturing workers freed from six-month income tax burden

Indonesia sees record single-day case spike of 4,168

first_imgCentral Java and West Java have seen nearly 20,000 COVID-19 cases each.Indonesia now has the second-highest number of recorded COVID-19 cases in Southeast Asia. The Philippines has the highest, with 283,460 cases as of Saturday, according to worldometers.info.Indonesia currently has the 23rd-highest number of cases of any country in the world.Read also: Minister Luhut wants stricter health protocols in place during ‘critical time’ Indonesia registered a record high of 4,168 new COVID-19 cases on Saturday, bringing the country’s total to 240,687 cases with 9,448 fatalities.A number of provinces in Java, particularly Jakarta and East Java, have become the nation’s hotbeds of contagion.Jakarta added 988 confirmed cases on Saturday, bringing the city’s total to 60,828 cases, a quarter of the country’s cases, with 1,527 fatalities. East Java has reported a total of 40,372 cases and 2,942 deaths. The government recently decided to implement stricter health protocols in an attempt to curb the transmission of the virus and has assigned the military and the police to enforce the protocols. Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan said on Friday that such measures would be in place for the coming months until the country was able to vaccinate residents en masse, which he expected to happen in December.There is no proven vaccine for COVID-19.The minister said he was confident that the country would be able to control the health crisis from December onward as he claimed it would start to vaccinate tens of millions of citizens at that time. Indonesia has reportedly secured 300 million doses of COVID-19 candidate vaccines from foreign pharmaceutical companies, including China’s Sinovac Biotech. Topics :last_img read more

Read More Indonesia sees record single-day case spike of 4,168


first_imgThe doors of Evolve Menswear opened this morning at 11am for their annual summer bargain bonanza.Eager fashion fans waited patiently for the doors to open to enjoy the 50% off all Spring Summer Styles. And judging by the size of the queue outside, there was a bargain for everyone in the audience!With a good spell of summer weather on the way to us, you will have lots of opportunities to show off your bargains!There’s lots of offers in store so be sure to get to Evolve Menswear to bag some of the superb offers across all tops brands in young casual, mature casual, footwear and suits.  SUMMER SALE HAS BARGAIN-HUNTERS FLOCKING TO EVOLVE was last modified: July 4th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Evolvesummer salelast_img read more