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Search result with “12 Percent Vat” as a keyword founded 91 news.
Prabowo: VAT Hike to Focus Exclusively on Luxury Goods
... value-added tax (VAT) from 11 percent to 12 percent will be applied ... the potential challenges of multiple VAT rates, noting that applying ... maintaining the current 11 percent for certain goods and ... technical guidance, misapplication of VAT rates is a real risk ...Business Dec 6, 2024 | 9:06 pm
Textile Industry Warns of Further Layoffs with 12% VAT Hike in 2025
... in Value Added Tax (VAT) to 12 percent takes effect in January ... warning, as the impending VAT hike could further jeopardize the ... Misbakhun, clarified that the VAT increase will primarily affect luxury ... continue to pay the current VAT rate. "Small businesses and ...Business Dec 6, 2024 | 8:36 pm
Gov't Tries to Find Middle Ground Amid 12 Pct VAT Concerns
... backlash to the 12-percent value added tax (VAT) plans, according ... Mari Elka Pangestu. A 12-percent VAT is set to enter into ... the balance by applying the [12-percent] VAT to luxury goods. But ... the VAT increase from the current 11 percent to 12 percent could ...Business Dec 6, 2024 | 11:13 am
12% VAT Could Slash Indonesian GDP by Rp 21 Trillion: Analyst
... added tax (VAT) rate from 11 percent to 12 percent could reduce the ... at approximately Rp 12,300 trillion. The VAT hike could ... potentially reduce GDP by 0.17 percent, ... percent in the previous quarter. The government plans to implement the VAT ...Business Dec 5, 2024 | 9:31 pm
Gov’t to Enforce 12% VAT on January 1 Despite Public Opposition
... value-added tax (VAT) rate from 11 percent to 12 percent on January 1 ... in Jakarta. Misbakhun said the VAT hike will be applied selectively ... members of society. “The new VAT rate will be implemented as ...Business Dec 5, 2024 | 7:46 pm
Sugary Drink Excise Offers A Sweet Alternative to VAT Hike: YLKI
... raise the VAT from the current 11 percent to 12 percent to generate ... be an alternative [to the 12-percent VAT]? … Many Indonesians have been ... proposed a 2.5 percent excise on sugary drinks ... would gradually increase to 20 percent over time. Think-tank ...News Dec 4, 2024 | 11:45 am
VAT Hike Threatens to Shrink Indonesia's Middle Class Further
... Value-Added Tax (VAT) from 11 percent to 12 percent in January is ... million people—roughly 18.8 percent of the population. This ... explained, stating that the VAT increase will only exacerbate the ... which contributes about 50.7 percent of Indonesia's total tax ...News Dec 4, 2024 | 11:07 am
Seizing Assets from Corruptors is Better Than 12 Pct VAT: Retailer
... value-added tax or VAT, according to a retail ... will increase the VAT from 11 to 12 percent in January ... to cover 50-60 percent of the state debts. ... longer need to have the [12-percent] VAT,” Roy said. Roy N ... raised the VAT from 10 percent to 11 percent in April ...News Dec 3, 2024 | 9:29 pm
Investment Minister Rosan Roeslani Praises IDRT as a Strategic Dialogue Platform Between Government and Public
... , which accounts for nearly 28 percent of the country’s GDP ... over the implementation of the 12 percent VAT, it will become a major ...Business Dec 3, 2024 | 9:08 pm
Gov’t Urged to Avoid ‘Arrogant’ Push for VAT Hike
... increase the value-added tax (VAT) rate next year, as ... intent to raise the VAT rate to 12 percent on selected goods and ... up from the current 11 percent. However, this plan has faced ... [state revenue] besides raising the VAT,” said Roy Nicholas Mandey, chairman ...Business Dec 3, 2024 | 6:24 pm
Indonesia’s Efforts to Reduce Airfares Could Clash with VAT Increase
... that the VAT increase, set to rise from 11 percent to 12 percent on ... , Wijayanto argued that the VAT hike would push prices up ... domestic airfares by around 10 percent before the Christmas and New ... will drop by around 10 percent nationwide, which we hope will ...Business Dec 2, 2024 | 9:00 pm
Government Weighs Social Aid for Middle Class Ahead of 12% VAT Hike
... planned Value-Added Tax (VAT) increase to 12 percent, scheduled for January ... if necessary. The proposed VAT hike has faced significant backlash ... that revenue from the VAT increase will fund public ... reach 5 percent in Q1 2025, delaying the VAT increase would ...News Dec 2, 2024 | 5:22 pm
VAT Hike Likely Delayed, Electricity Subsidies to Cushion the Impact, Says Luhut
... Value-Added Tax (VAT) rate to 12 percent, which was initially ... in Jakarta. “Before the 12 percent VAT comes into effect, we need ... economic strategies. The proposed VAT increase has been met ... policies to ensure the VAT increase benefits the public. ...Business Nov 28, 2024 | 11:46 am
Trade Unions Demand Wage Hike to Match VAT Increase
... the Value Added Tax (VAT) rate to 12 percent. They argue that without ... are not raised alongside the VAT increase. “If the wage increase ... December 2024. The VAT increase from 11 percent to 12 percent is scheduled to ...News Nov 26, 2024 | 12:48 pm
Unilever Indonesia Signs $440 Million Deal to Sell Ice Cream Business to Magnum Ice Cream
... Rp 7 trillion (excluding VAT), or approximately $440.12 million. The sale ... The transaction value represents 204 percent of Unilever Indonesia's equity ... 25, rising by 6.69 percent to Rp 1,915, following ... a 3.16 percent increase on Nov. 22. Trading ...Business Nov 26, 2024 | 11:12 am
CITA Criticizes Government for Prioritizing VAT Hike Over Unenforced Taxes
... set to raise the VAT rate to 12 percent starting in January 2025 ... The VAT rate has already risen incrementally from 10 percent in ... 2020 to 11 percent in April ... 2022, and is scheduled to reach 12 percent by ...Business Nov 25, 2024 | 8:27 pm
Planned VAT Hike Lacks Public Support, Gov't Told
... the Value Added Tax (VAT) to 12 percent, which will take effect ... the public, especially regarding the VAT hike, both in delivering ... to explain whether the increased VAT will be fully utilized. ... the brunt of the planned 12 percent VAT," she added. Rospita said ...Business Nov 25, 2024 | 3:48 pm
Upcoming VAT Hike Worries Indonesian Car Buyers
... the current 11 percent to 12 percent. If the VAT goes up, so ... resident Neno said that the 12-percent VAT would only place an additional ... have to pay for the 12-percent VAT.” Car buyer Agam also admitted ... September, down by 16.2 percent from the previous year. ...Business Nov 25, 2024 | 9:07 am
Rising Taxes Could Weaken Middle-Class Purchasing Power, CORE Economist Says
... its value-added tax (VAT) to 12 percent in early 2025 is expected ... . The VAT is set to rise from 11 percent to 12 percent on January ... .50), reflecting a 3.6 percent increase from the previous year ... was recorded at 2.21 percent as of October 2024, according ...Business Nov 23, 2024 | 4:21 pm
DPR Deputy Chair Confirms VAT Increase Will Proceed as Scheduled
... . The government intends to raise VAT to 12 percent starting in January 2025 ... , rising to 11 percent in 2023, and reaching 12 percent in 2025. Hekal ... August 2025. For now, the 12 percent VAT increase remains a legal obligation ...News Nov 21, 2024 | 11:27 am
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