Finance minister points at Chinese-backed steel and construction material companies
Indonesian Finance Minister Purbaya Yudhi Sadewa vows to crack down on tax underreporting, avoidance and evasion. © Reuters
ISMI DAMAYANTI
January 15, 2026 18:36 JST
JAKARTA — Indonesia’s main anti-graft agency and the finance ministry have begun cracking down on corporate tax underreporting, targeting industries from palm oil to steel as the government tackles a revenue shortfall that last year caused the fiscal deficit to widen to near the legal limit and simultaneously looks to lift spending.