JAKARTA -- The Indonesian government is gearing up to increase its COVID-battered state revenues by raising its value added tax and introducing other levies as part of an overhaul of a tax system that has failed to register a large majority of Indonesians.
A draft of the bill seen by Nikkei Asia proposes that the carbon tax rate be set according to carbon market pricing, with a minimum rate of 30 rupiah (less than 1 cent) per kilogram of CO2 equivalent.
