Indonesia's Perindo Party Proposes Tax Exemption Threshold for Marketplace Fees to Aid SMEs Amidst Weakened Purchasing Power

Indonesia's political party, Perindo Party, has proposed to the government the introduction of a tax exemption for transaction fees on online marketplaces. This proposal is made in consideration of the current situation where people's purchasing power is sluggish, aiming to support Micro, Small, and Medium Enterprises (UMKM). This proposal is intended to prevent small businesses, especially those operating through digital platforms, from facing further economic pressure due to the burden of fees. The Perindo Party holds the view that such support measures are essential for market revitalization and the sustainable growth of UMKM. Indonesia's economy is pointed out to be affected by global inflation and geopolitical uncertainties, leading to a decline in consumer purchasing power. Under these circumstances, UMKM are facing various difficulties in continuing their businesses, and support measures from the government and political parties are being called for. The Perindo Party's proposal will focus on detailed system design in the future, including the setting of specific exemption thresholds and the scope of eligible marketplaces. If this proposal is realized, it could potentially provide significant support for many UMKM to continue and expand their online sales activities. Source: Sindonews