Prabowo Aims for Tax Adjustment and Incentive Reductions

The tax ratio target set for the first year of the Prabowo Subianto-Gibran Rakabuming Raka administration is ambitious, aiming to reach 12%. To accomplish this goal, President Joko “Jokowi” Widodo has drafted a policy, with one of the key points is to tax the rich.

Tim Redaksi

26 Apr 2024 - 20.52
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Prabowo Aims for Tax Adjustment and Incentive Reductions

Bisnis, JAKARTA - Next year's tax policy direction will be more stringent, characterized by the conclusion of amnesty comparable to the tax amnesty or PPS, along with a more regulated provision of incentives limited to specific sectors such as agriculture, manufacturing, and tourism.

The tax ratio target set for the first year of the Prabowo Subianto-Gibran Rakabuming Raka administration is ambitious, aiming to reach 12%. To accomplish this goal, President Joko “Jokowi” Widodo has drafted a policy, with one of the key points is to tax the rich.

Prabowo-Gibran's inauguration is scheduled for October 2024, following a series of controversies and legal challenges at the Constitutional Court (MK). As preparations for the 2025 State Budget (APBN) are already underway, Prabowo will likely implement the 2025 Government Work Plan (RKP) developed by Jokowi and his team in the first year of his administration.

Read more: Prabowo Unveils Strategies to Increase Tax Ratio

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