🇮🇩 Indonesia is charting a course towards economic prosperity by aiming to increase its tax ratio to 12% by 2025, up from 10.32% in 2023. This target, outlined in the Initial Draft of the Government’s Work Plan for 2025, signifies a robust commitment to fiscal stability and growth.

📈 To achieve this goal, the government plans to implement comprehensive tax reforms, including improvements to tax administration and collection processes in line with the Tax Harmonization Regulation. The adoption of a core tax system for risk-based data management will enhance efficiency and effectiveness.

💡 Additionally, Indonesia seeks to modernize its tax system to better reflect the current economic landscape. Strengthening oversight of High Wealth Individual Taxpayers and leveraging digital forensics for law enforcement are critical steps towards ensuring fairness and compliance.

🌐 Furthermore, targeted tax incentives will be tailored to support key sectors such as agriculture, manufacturing, tourism, and MSMEs, stimulating sustainable growth and fostering a thriving business environment.

🔍 Follow along as Indonesia progresses towards its tax reform objectives, driving economic development and prosperity for all.