On 28 June 2021, Indonesia Finance Minister Sri Mulyani Indrawati announced government tax reform plans to increase revenue considering the impacts of COVID-19 on the country. Measures of the plan include: Increasing the standard VAT rate from 10% to 12%, along with the introduction of varied rates of 5% to 25% for certain goods and services, as well as the removal of most VAT exemptions; Introducing a new top individual income tax rate of 35% for income over IDR 5 billion; Introducing a new carbon tax at the rate of IDR 75 per kg of CO2 equivalent; Introducing a new...