Indonesia's Corporate Tax Rate is Relatively High in ASEAN

Energy

Lite

Adi Ahdiat 20/08/2024 18:37 WIB

URL has been copied

Memuat...

According to PwC data, Indonesia's corporate tax rate was the third highest in ASEAN until August 2024.

Corporate Tax Rates in ASEAN (January-August 2024)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesia's Corporate Tax Rate is Relatively High in ASEAN

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Corporate Tax Rates in ASEAN (January-August 2024)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Indonesia's corporate income tax (CIT) rate is relatively high compared to its neighboring countries.

According to Minister of Finance Regulation Number 40 of 2023, corporate taxpayers with a permanent establishment in Indonesia are subject to a 22% CIT rate.

This rate places Indonesia third in ASEAN, on par with Myanmar.

According to PricewaterhouseCoopers (PwC) data, as of August 2024, only Malaysia and the Philippines in ASEAN have higher corporate tax rates than Indonesia.

Meanwhile, Thailand, Cambodia, Laos, Vietnam, Singapore, and Timor-Leste apply lower rates, as shown in the graph.

Indonesia's current corporate tax rate is also slightly higher than that of the United States, which stands at 21%.

However, US presidential candidate Kamala Harris plans to raise the corporate tax rate in the US to 28% if she is elected.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 06/12/2025, 15:16 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 06/12/2025, 15:05 WIB

US Soybeans Futures Contract Price (Two-Month) - US$1,060.25/Bushel (Friday, May 23, 2025) Economics & Macro 06/12/2025, 14:59 WIB

Bungo Regency Construction Cost Index, Jambi 2025 Property 06/12/2025, 14:57 WIB

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year Demographics 06/12/2025, 13:15 WIB

The daily price of shallots in traditional markets in Yogyakarta Province has decreased by 16.36% over the past month. Economics & Macro 06/12/2025, 12:38 WIB

Download

Source

Indonesia's Corporate Tax Rate is Relatively High in ASEAN

Indonesia's Corporate Tax Rate is Relatively High in ASEAN

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Popular Data

Indonesia's Corporate Tax Rate is Relatively High in ASEAN

Indonesia's Corporate Tax Rate is Relatively High in ASEAN

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Trending Topics

Popular Data