Today’s Top 3 News: World Bank Says Indonesia Has Worst Tax Regulation, Luhut: We Are Compared to Nigeria

TEMPO.CO, Jakarta – Tempo English compiled the top 3 news on Friday, January 17, 2025. Here are the highlights: World Bank Says Indonesia Has Worst Tax Regulation, Luhut: We Are Compared to Nigeria, Indonesia Officially Implements 15% Global Minimum Tax in 2025, and Indonesia Issues Regulation to Implement Global Minimum Tax.

The following is the list of the top 3 news on Tempo English today:

1. World Bank Says Indonesia Has Worst Tax Regulation, Luhut: We Are Compared to Nigeria

TEMPO.CO, Jakarta – Chair of the National Economic Council (DEN) Luhut Binsar Pandjaitan was offended by the World Bank‘s statement saying that Indonesia was one of the worst countries in collecting taxes. This was conveyed by the World Bank to Luhut when he visited the DEN Office three weeks ago.

“He gave a presentation, saying that Indonesia was one of the countries with the worst tax collection. We were compared to Nigeria at that time, I was offended,” said Luhut, at the Early Year 2025 Spirit event at Menara Global, South Jakarta, Wednesday, January 15, 2025.

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2. Indonesia Officially Implements 15% Global Minimum Tax in 2025

TEMPO.CO, Jakarta – Indonesia has officially implemented a regulation on the global minimum tax in 2025. This policy mandates that corporate taxpayers, who are part of a multinational corporate group, will be subject to a minimum tax rate of 15 percent starting this year.

This policy is outlined in the Finance Ministerial Regulation Number 136 of 2024, which was ratified by Minister Sri Mulyani on December 31, 2024. Febrio Kacaribu, Head of the Fiscal Policy Agency at the Finance Ministry, stated that the global minimum tax reflects the collective efforts of countries, including Indonesia, over the past five years to address global tax challenges.

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3. Indonesia Issues Regulation to Implement Global Minimum Tax

TEMPO.CO, Jakarta – Indonesia’s finance ministry said on Thursday, January 16, 2025, that it had issued a regulation to implement the global minimum corporate tax at 15% effective from January 1, as part of an international push to limit tax competition between countries.

The largest economy in Southeast Asia is among 140 countries which agreed on a landmark 2021 deal that allows governments to apply a top-up tax to the 15% level on any corporate profits booked in a country with a lower rate.

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