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Expat Income Tax To Be Changed

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  • Expat Income Tax To Be Changed

    From (Nov 2019)

    [Finance Minister Sri Mulyani Indrawati on Thursday shared the government?s planned tax reforms, which includes relaxing income tax for Indonesian and foreign expatriates ...

    The planned reforms would change the Indonesian tax regime into a territorial tax system, so foreign residents and overseas Indonesians would no longer be taxed on income earned outside the country's borders.

    Foreigners who work in Indonesia for more than 183 days will be taxed on only the income they earn in Indonesia, while Indonesians who work abroad will be exempt from paying income tax in Indonesia.

    "We will revise [the regulation] that expatriates need to pay tax on their incomes [earned both] in Indonesia and abroad," Sri Mulyani told ... ]