Economy

A Tip To Avoid Tax: Move To Indonesia

Asia / Indonesia0 views1 min
A Tip To Avoid Tax: Move To Indonesia

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Indonesia is struggling to collect taxes, resulting in a significant revenue shortfall of around $16 billion last year. The country's tax-to-GDP ratio is around 9%, significantly lower than the OECD average of 34%, due to low tax morale and a weakening tax base.

Indonesia, the largest economy in Southeast Asia, is facing a chronic failure to collect taxes. The government has implemented measures to improve tax collection, but the revenue shortfall remains significant. Last year, the shortfall was around $16 billion. The country's tax-to-GDP ratio is around 9%, lower than the OECD average. Indonesia has a mixed economy and a large population, but low tax morale and a weakening tax base are major concerns. The government is working to strengthen law enforcement and tax literacy to improve the situation.

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