Indonesia, VAT

Indonesia presses ahead with VAT hike across the board, not only luxury goods
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.
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 scales back VAT hike after public backlash
"premium" goods and services following a public backlash. The hike, from 11% in 2022, was prescribed in a law on tax issued in 2021 and was initially supposed to cover a broad range of items. But a rising public backlash in the past few months,
Indonesia to announce economic policy package, VAT rate on Monday
Indonesia will on Monday announce an economic policy package, including its decision on the value-added tax rate, its senior economic minister said after a meeting with President Prabowo Subianto. The government has previously said Indonesia would increase the VAT rate to 12% from the current 11% in January 2025,
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.
Jakarta Globe22m
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
Indonesia’s VAT hike to 12% in 2025 will expand taxable goods, including items once VAT-free, says economist Andri Perdana.
Tempo4h
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.
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 Globe22h
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 ...
Mothership.sg6d
Indonesia's Prabowo to press on with 12% tax on goods & services, but will exempt some staple items
Indonesia's Value-Added Tax (VAT), the equivalent to Singapore's Goods and Services Tax (GST), is slated to hit 12 per cent ...
Tempo8h
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 ...
Business Times1d
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 ...