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Indonesia, VAT
Indonesia presses ahead with VAT hike across the board, not only luxury goods
Indonesia on Monday decided to go ahead with a wide-ranging increase in the value-added tax rate to 12% next year, reversing a plan to only apply the hike to luxury goods, but will introduce measures to soften the blow on lower-income earners.
Indonesia Goes Ahead With VAT Hike, Offers Perks to Soften Blow
Indonesia will proceed with its value-added tax hike in 2025, while offering a raft of incentives to mitigate the impact on consumption and economic growth.
Indonesia to provide 50 percent electricity discount amid VAT hike
Finance Minister Sri Mulyani Indrawati has announced a 50 percent electricity discount for January and February 2025 to protect people's purchasing power
Indonesia announces economic policy package to ease VAT hike impact
Indonesia on Monday announced economic measures to soften the blow of an increase in the value-added tax rate, including electricity tariff cuts, incentives for labour-intensive industries, and VAT exemption on some property sales.
Tempo
2h
Sri Mulyani Says Indonesia's VAT Rate Relatively Low Compared to Other Countries
Finance Minister Sri Mulyani Indrawati said that Indonesia's VAT rate remains relatively low compared to other countries.
Jakarta Globe
20h
Indonesia Rolls Out $51.65 Billion Stimulus Package for 2025 to Offset VAT Increase
The Indonesian government has unveiled a series of economic stimulus packages totaling Rp 827 trillion ($51.65 billion) for ...
Business Times
1d
Indonesia rolls out fresh incentives to boost spending amid planned VAT hike
JAKARTA] Indonesia has announced a fresh wave of fiscal incentives to spur consumer spending, including extended tax breaks ...
Tempo
6h
Netflix and Spotify in Indonesia Get 12 Percent VAT, Here's Estimated Subscription Fee
Value-Added Tax (VAT) of 12% will start at January 1, 2025. Taxes on streaming services such as Netflix and Spotify will also ...
11h
Indonesia to Hike VAT Next Year, Offers Perks to Soften Blow
Indonesia will proceed with its value-added tax hike in 2025, while offering a raft of incentives to mitigate the impact on ...
Jakarta Globe
1d
Indonesia to Raise VAT to 12 Percent on January 1
Jakarta. The value-added tax (VAT) hike to 12 percent will officially enter into force in January 1, according to Chief ...
Business Times
2h
Malaysia’s Mr DIY hammers down on growth in Indonesia with S$346m IPO
JAKARTA] Set to be the country’s biggest listing in more than a year, the Indonesian arm of Mr DIY – a Malaysian home ...
22h
Indonesia presses ahead with VAT hike across the board, not just for luxury goods
The Indonesian govt will also introduce measures to soften the blow for lower-income earners. Read more at straitstimes.com.
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