Value Added Tax
The Indonesian government has decided to maintain the 11 percent Value Added Tax (VAT) rate for streaming services such as Netflix and Spotify, forgoing a planned increas
Indonesia Announced VAT-Exempt Goods and Services
English
7 bulan lalu
Indonesian President Prabowo Subianto emphasized that the increase in the Value Added Tax (VAT) rate to 12 percent, effective January 1, 2025, will only apply to luxury g
Indonesian Coordinating Ministry for Economic Affairs Airlangga Hartarto said that the virtual payments through the Quick Response Code Indonesian Standard (QRIS) and e-M
The Minister of Cooperatives and Small and Medium Enterprises, Maman Abdurachman, believes that the government’s policy on adjusting the Value Added Tax (VAT) to 12 perce
Kadin Chairman Highlights VAT Hike on 12 Percent
English
7 bulan lalu
The Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Bakrie, spoke out regarding the government's policy to raise the Value-Added Tax (VAT) to
The government has confirmed that the Value Added Tax (VAT) rate will increase to 12 percent starting January 1, 2025.
President Prabowo Subianto confirmed that the 12 percent value-added tax (VAT) increase, set to take effect on January 1, 2024, will only apply to luxury goods.
Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized that certain essential goods and basic necessities will not be subject to the planned 12% VAT.
The Coordinating Minister for Economic Affairs, Airlangga Hartarto, stated that the government has not yet discussed postponing the implementation of a 12 percent VAT.
The government plans to reduce domestic flight ticket prices by up to 10 percent during the Christmas and New Year (Nataru) period of 2024-2025.
An economist from the Institute for Development of Economics and Finance (INDEF) has cautioned the government about the potential impact of raising the Value-Added Tax.
The government plans to raise the Value Added Tax (VAT) rate to 12 percent starting on January 1, 2025.
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