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Author: Alesha Everson

Oct72021 by Alesha EversonNo Comments
Indonesian parliament approves major tax reform bill

Indonesian parliament approves major tax reform bill

Tax
JAKARTA, Oct. Oct (Reuters) - Indonesia's parliament on Thursday approved a government proposal to amend tax rules, with Deputy Speaker Muhaimin Iskander saying he would raise value-added tax rates next year and scrap planned corporate tax cuts. The law introduces a 35% income tax, new carbon tax, and tax waiver program for those earning more than 5 5 billion (35 351,000) a year. But while some business groups and analysts have questioned the timing of the planned tax hike, the economic recovery from the epidemic appears to be still fragile. According to a copy reviewed by Reuters, the law calls for an increase in the VAT rate on sales of almost all goods and services from 10% to 11% and by 2025 to 12%. It also abolished planned corporate tax cuts and introduced higher income ...
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Oct72021 by Alesha EversonNo Comments
USDA introduces new insurance policies for farmers who sell locally

USDA introduces new insurance policies for farmers who sell locally

Insurance
WASHINGTON - The U.S. Department of Agriculture is introducing new insurance options, especially for agricultural growers who sell local produce, including small farms. The new microfarm policy simplifies record keeping and includes post-production costs such as washing and value-added products. The USDA's Risk Management Agency has developed this new policy based on research based on the 2018 Farm Bill and includes feedback from growing growers for their local community. The policy will be available from the crop year of 2022. RMA Acting Administrator Richard Flournoy said, “We look forward to offering this new coverage to producers who work to provide fresh and healthy food to their community. "The USDA's focus is on supporting local and regional food systems, and this new crop in...
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