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Indonesia's Business News, June 30th |
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 Govt. sets deadline for tax evaders
The government will fine unregistered taxpayers 20% of their total taxes if they fail to register by the end of this year, as part of efforts to increase tax collections, a legislator said, quoted by Reuters
Indonesia has a population of 230 million, but only four million people are on the tax register and just one third of those actually pay tax.
Parliament is expected to pass a new tax bill in the third quarter in an effort to step up tax collections and tackle widespread evasion by providing incentives for people to be registered and taking stronger measures against tax dodgers.
"Starting next year, unregistered taxpayers will be fined," Melchias Markus Mekeng, the head of a parliamentary commission drafting the new tax law, said.
Mekeng said registered taxpayers will also be exempted from paying a departure tax paid for overseas travel from next year as incentive for people to register as taxpayers.
Under the current scheme, Indonesians and foreigners working in the country have to pay Rp1 million as departure tax at the airport for every overseas trip.
"The departure tax will be lifted in 2011, but in the transition period, starting 2009, people who have a tax ID will be relieved from paying the country's departure tax."
Darmin Nasution, the Director General of Tax, said in an interview in August that he expected the number of registered taxpayers to reach 10 million by the end of 2008.
Indonesia has set a tax revenue target of 609.2 trillion rupiah, or about 70% of the total budget revenue, this year. The finance ministry has forecast tax revenue will rise by 19% to 723.9 trillion rupiah in 2009.
Govt. plans 10% mandatory biofuel mix by 2010
Indonesia plans to start its mandatory biofuel blending program in September with a 2.5% mix of either bioethanol or biodiesel, a senior industry executive said, Dow Jones reported.
The blend will gradually be raised to 10% by 2010 in a bid to reduce reliance on fossil fuels, said Erwin Duma, biofuel business development manager of PT Molindo Raya Industrial.
Many ethanol plants are being built to meet the targeted production capacity of 4 million kiloliters of bioethanol by 2010. Indonesia currently produces around 160,000 kiloliters a year, while consumption of ethanol for industry and biofuel purposes is currently around 150,000 kiloliters.
When biofuel blends reached 10%, Duma estimates that around 2 million kiloliters of bioethanol will be required every year.
PT Molindo is currently the sole supplier of bioethanol to state-owned oil and gas company PT Pertamina, which has been tasked by the government to sell biodiesel since 2006.
"Most of the ethanol plants will use cassava as feedstock," said Duma.
PT Molindo is in the midst of constructing two more ethanol plants in Sumatra and Java with a combined capacity of around 100,000 kiloliters a year that will use cassava to make bioethanol.
Duma expects the export price of bioethanol, currently at $550-$620 a metric ton, free-on-board, to rise 20%-30% in the second half of the year due to rising international prices of gasoline and feedstock such as molasses and cassava.
Redland to invest $561 in ammonia plant
PT Redland Asia Capital plans to invest about Rp5.2 trillion ($561 million) to develop an ammonia plant on Sulawesi, Investor Daily Indonesia cited corporate secretary Bill Triandono as saying, Bloomberg reported.
The investment follows Redland's purchase of an 80% stake in PT Panca Amara Utama, which operates the ammonia plant, the newspaper said.
Redland is in talks with a gas producer for the supply of the fuel to produce ammonia, the newspaper said.
Jakarta-based Redland, previously known as PT Palm Asia Corpora, provides general trading, transportation and printing services.
Energizer to relocate plant to Indonesia
US-based Energizer Holdings Inc. plans to relocate its plant from Singapore to Indonesia where demand for batteries has risen by as much as 10% a year, Investor Daily Indonesia quoted an industry ministry official and a company spokesman as saying, Bloomberg reported.
Energizer will make Indonesia its production base for the Southeast Asian region, the newspaper said, citing Budi Dharmadi, the ministry's Director General for Transportation.
The company will invest about $300 million to build a plant with an annual capacity of 500 million batteries on the outskirts of Bogor in West Java, the newspaper said.
Achmad Widjaya, a spokesman at PT Energizer Indonesia, said the decision to move the plant to Indonesia was based on the country's lower costs of production. In addition, the growth of the Indonesian market was encouraging, he said.
"On the calculations, Energizer has chosen to produce in Indonesia in order to reduce distribution costs," he added.
Compiled by: Mahendra Siregar and Hari S. Noegroho
Source: http://www.ekon.go.id
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Last Updated ( Monday, 30 June 2008 )
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Serba-serbi masyarakat Indonesia di wilayah kerja KJRI Los Angeles
