#Indonesia’s Finance Minister Sri Mulyani Indrawati
Business
Indonesia Needs GDP Growth of 8 Percent to Become Developed Economy, Says Minister

Indonesia Needs GDP Growth of 8 Percent to Become Developed Economy, Says Minister

It would require the economy to grow at least eight percent year-on-year (YoY) to avoid the middle-income trap status.
Business
Indonesia Plans to Increase Wealthy Individuals’ Income Tax to 35 Percent

Indonesia Plans to Increase Wealthy Individuals’ Income Tax to 35 Percent

The high-income individuals in Indonesia who earn more than five billion rupiahs ($34,900) a year could pay a 35 percent tax rate to sustain revenue.
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