Indonesian Parliament to vote today on major tax overhaul

The Indonesian Parliament will vote today on whether to back the government's proposals for one of the country's most ambitious tax overhauls, including raising the value-added tax (VAT) rate, a new carbon tax and cancelling a planned corporate tax cut.

The government has said the Tax Harmonisation Bill is aimed at optimising revenue collection while ensuring a fairer tax system. This comes after the state coffers took a big hit last year due to the Covid-19 pandemic...