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Finance Minister Sri Mulyani Indrawati speaks to the House of Representatives members during a plenary session on May 20, 2021. (mantra Photo/Galih Pradipta)
Gov't to Increase Top Earner's Income Tax to 35%
BY :JAKARTA GLOBE
MAY 25, 2021
Jakarta. The government has proposed a plan to add a new income tax bracket imposing a 35 percent tax rate on any annual income above $348,000 as part of a sweeping move to revamp Indonesia's tax code and boost state revenue.
Finance Minister Sri Mulyani Indrawati told the House of Representatives members on Monday that the government sought to add the new income tax rate for personal income of above Rp 5 billion ($348,000) per year.