Indonesia, VAT
Indonesia unveils US$50 billion economic policy package to ease VAT hike impact
Indonesia has unveiled an economic policy package to soften the blow of an increase in value-added tax (VAT) on goods and services from Jan 1. The stimulus package, worth more than US$50 billion, is aimed at supporting the weakening purchasing power of middle- and low-income communities.
Indonesia’s VAT hike to 12% in 2025 will expand taxable goods, including items once VAT-free, says economist Andri Perdana.
Finance Minister Sri Mulyani Indrawati said that Indonesia's VAT rate remains relatively low compared to other countries.
JAKARTA: Indonesia will proceed with its value-added tax hike in 2025, while offering a raft of incentives to mitigate the ...
The Indonesian government has unveiled a series of economic stimulus packages totaling Rp 827 trillion ($51.65 billion) for ...
Indonesian President Prabowo Subianto has agreed to raise value-added tax by one percentage point to 12% next year, but only ...
Value-Added Tax (VAT) of 12% will start at January 1, 2025. Taxes on streaming services such as Netflix and Spotify will also ...
JAKARTA] Indonesia has announced a fresh wave of fiscal incentives to spur consumer spending, including extended tax breaks ...
The Indonesian govt will also introduce measures to soften the blow for lower-income earners. Read more at straitstimes.com.
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