Indonesia's Core Tax System to Be Implemented Next Year
Indonesia's core tax administration system will officially launch in January 2025. According to the Director General of Taxes at the Ministry of Finance, the system is expected to gradually increase the tax rate from approximately 10% to 12% over the next five years, aiming to drive better economic growth. Currently, the Directorate General of Taxes is fully promoting socialization and education efforts, having trained over 50,000 large-transaction taxpayers. It has also opened the core tax simulator to other taxpayers, provided related books and video guides on its official website, and conducted system usage training for tax officers to make them community trainers. Through these preliminary efforts, the goal is to ensure smooth coordination among all parties when the system goes live, avoiding gaps in understanding and operation.
Indonesian Government Seizes 9.8 Billion Rupiah in Illegally Imported Chinese Ceramic Goods
Two Factors Driving Growth in Indonesia's Automotive Market
Indonesia's Ministry of Industry accuses Trade Ministry regulations of harming manufacturing
Indonesia battery factory to supply Chinese auto brands
CATL invests $1.2 billion to build a factory in Indonesia
Chinese battery manufacturer Contemporary Amperex Technology Co., Limited (CATL) is investing $1.2 billion (approximately IDR 18.66 trillion) in Indonesia. CATL, through its subsidiary CBL International Development, has established a partnership with PT Indonesia Battery Corporation (IBC) and formed a joint venture to produce batteries for the Southeast Asian market. The project is located in Karawang, West Java, continuing the ambition to become a global electric vehicle hub. Battery
Indonesian nickel processing plant becomes key link in global EV battery supply chain
Chinese-invested company CNGR Indonesia produces nickel metal and manufactures electric vehicle battery precursors in Indonesia. Its Public Relations Director stated that leading global automakers such as Tesla and BYD indirectly use Indonesian materials, and the nickel sulfate in the precursors comes from Indonesian nickel matte. Although the manufacturing process involves a multi-country supply chain, Indonesia is a crucial part. Previously, the Minister of Investment revealed that the precursor produced by Huayou Indonesia's nickel processing plant in North Maluku will be supplied to Tesla. Starting January 1, 2025, Indonesia will ship precursor battery materials from this plant, and 60–70% of semi-finished raw materials have already been shipped
Don't Miss the Indonesia Domestic Water Safety Seminar on December 1
Indonesia Domestic Water Safety and HealthrnAs Indonesian residents pay more attention to quality of life and health, safe and healthy drinking water and domestic water have become hot topics of concern. Especially in Jakarta, water quality issues are particularly prominent. This is not only an environmental issue but also a matter of everyone's health. To better understand the water needs of the Chinese community in Indonesia, we are about to hold a special event – the "Indonesia Domestic Water Safety and Health" public lecture and interactive experience day.rnrnAnalysis of the Current Situation of Domestic Water in IndonesiarnrnAs the largest economy in Southeast Asia, Indonesia's domestic water situation has attracted much attention. Although Indonesia has abundant water resources, with population growth and industrial development, water demand has increased exponentially, and domestic water faces many challenges.
Apple's investment in Indonesia rejected after sales ban, four principles to be discussed
Apple proposed a $100 million (IDR 1.58 trillion) investment to sell the iPhone 16 series in Indonesia, but the Indonesian Minister of Industry rejected it. The government will renegotiate as it does not meet expectations based on technical expert assessments and does not follow the four principles of justice: First, Apple's investment amount in Indonesia should be comparable to that in other similar countries; The investment value must be comparable to that in similar countries and other electronics companies (such as Samsung, Xiaomi); The calculation of import added value and national revenue does not meet expectations; The impact on domestic employment must be considered.
NICE, a large convention and exhibition center in the PIK 2 area, is expected to begin operations in September next year
NICE, the largest convention and exhibition center in Indonesia located in the PIK 2 area, is expected to begin operations in September next year. Covering 40 hectares, the center has installed 15 tower cranes and consists of three exhibition buildings with a total floor area of 30 hectares. NICE is approximately 1 minute from PIK2 Highway Interchange 1, about 4 minutes from White Sand Beach, and around 7 minutes from Soekarno-Hatta International Airport. In addition to its strategic location, NICE offers convenient transportation and free PIK2 shuttle services for visitors. Furthermore, NICE is equipped with
Seven-Seat MPVs are a Must-Have Model in Indonesia's Automotive Market
Chinese electric vehicle manufacturer Aion has launched three electric vehicles in Indonesia and is now developing an Indonesia-specific MPV to meet local family vehicle needs. Aion's CEO stated that three-row models are essential for entering the Indonesian market. This MPV will be included in the new vehicle series, with local assembly starting at the West Java factory in the first quarter of 2025. Although the launch date has not been determined, preparations are underway.
Nickel Reserve Advantage Powers Indonesia's Strong Rise in EV Battery Ecosystem
State-owned mining holding company MIND ID stated that with its abundant nickel reserves and related mineral resources, Indonesia will occupy an important strategic position in the global electric vehicle ecosystem development over the next five years. It is expected that Indonesia's nickel supply will reach 75% of the global total in the next five years, and it already accounts for 60% globally. However, the President of MIND ID also acknowledged that the company faces many challenges, such as global issues like the Russia-Ukraine conflict, the Middle East conflict, and the US-China trade war. But from another perspective, these challenges also bring opportunities for Indonesia. Due to Indonesia's relatively neutral stance in international affairs, it is expected to attract industries affected by trade war tariffs to relocate factories to Indonesia, thereby becoming an important industrialization base. Previously, the company's Director of Portfolio and Business Development also mentioned that MIND ID does not control all strategic mineral commodities but focuses on minerals supporting the electric vehicle battery ecosystem. Among 47 critical minerals, MIND ID has already controlled at least 14, committed to building a strong framework supporting the electric vehicle ecosystem.