Tax: Indonesian firms claim cash flow woes weaken demand to revalue fixed assets
Cash-strapped Indonesian companies argue new tax deals on fixed asset revaluations are still unaffordable despite the healthy rates being offered.
“Cash is the king and now [our cash flow] is even worse than 2008,” said a Jakarta-based CFO, who declined to be named. “We do not have enough cash to pay the 3% final tax to the tax office.”
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