Indonesian President-elect Prabowo Subianto plans to lower corporate tax rate to 20% and create a state revenue agency.

Indonesian President-elect Prabowo Subianto is contemplating a reduction in the corporate income tax rate from 22% to 20%. He aims to enhance tax compliance and increase tax revenue to 18% of GDP. Additionally, Prabowo plans to create a state revenue agency by separating the tax and customs offices from the finance ministry. The tax cut decision will be influenced by government revenue conditions to ensure businesses and citizens are not overly burdened.