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Search result with “Luxury Tax” as a keyword founded 79 news.
Indonesia’s Tax Revenue Drops 42 Pct in January as New Coretax System Faces Hurdles
... -added tax (VAT) hike to 12 percent on luxury goods. ... in corporate income tax receipts. Corporate income tax revenue fell ... the biggest contributors to tax revenue, collectively accounting for ... the system. The Core Tax Administration System (Coretax) project ...Business Mar 13, 2025 | 12:34 pm
Indonesia Halts Trump-Linked Lido Resort Project in West Java Over Environmental Violations
... SEZ is designed to host luxury resorts, golf courses, and entertainment ... status, providing MNC Land with tax breaks and leniency on permits ...Business Feb 7, 2025 | 7:41 pm
President Prabowo’s First 100 Days: Key Policies Receive Praise, But Challenges Remain
... 12 percent value-added tax (VAT) increase on luxury goods, Indonesia's ... increase, which applies only to luxury goods consumed by the upper ... percent to 12 percent on luxury goods. On the topic of ...News Jan 29, 2025 | 11:21 am
From Spotify to Google Play: Gov’t to Return Money from Miscalculated VAT
... to the latest value-added tax (VAT) increase. Just hours ... the hike would only affect luxury goods, some platforms already ... into force. The pre-tax price stands at Rp 54 ... additional Rp 7,200 in tax for a game that ... . 2, 2024. The pre-tax price is Rp 60,000 ...Business Jan 2, 2025 | 5:43 pm
JCI Rises on 2025 Opening Day, VAT Policy Eases Investor Concerns
... by optimism from a new tax policy. President Prabowo announced that ... the Value-Added Tax (VAT) hike from 11 percent ... , 2025, would only apply to luxury goods, such as private jets ... , luxury homes, and yachts. The policy, ...Business Jan 2, 2025 | 9:49 am
Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact
... the increase in value-added tax (VAT). As part of the ... . The initiative also includes income tax subsidies for individuals earning a ... rate would apply only to luxury goods and services, ensuring minimal ...Business Jan 1, 2025 | 3:55 am
Prabowo Announces 12% VAT Increase on Luxury Goods Starting January 2025
... in the Value Added Tax (VAT) from 11 ... private jets, yachts, and luxury homes. "This increase is ... jets, yachts, and luxury homes above the median ... volt capacity, and various tax incentives for workers and ... line with the 2021 tax harmonization law and aims ...News Dec 31, 2024 | 7:30 pm
The Foreign Investors Who Invested in Indonesia in 2024
... can enjoy deducted corporate income tax, an easy licensing process, and ... in September. This is a luxury housing project that takes up ...Business Dec 31, 2024 | 4:55 pm
12 Pct VAT to Have Little Impact on Concert Pricing, Promoter Says
Jakarta. The upcoming value-added tax or VAT would not have ... system management costs. The regional tax on the ticket will also ... upcoming VAT would focus on luxury goods that are typically consumed ...Lifestyle Dec 31, 2024 | 10:00 am
Rupiah Gains Ground Amid Declining Dollar Index
... -income groups. Examples include luxury goods such as premium meats ... instead of income tax (PPh) to optimize tax revenue. VAT has ... broader base compared to income tax, which is limited to ... . "The government estimates additional tax revenue from the VAT increase ...Business Dec 30, 2024 | 5:33 pm
Jokowi Backs VAT Hike to 12 Percent Despite Public Outcry
... to raise the value-added tax (VAT) rate from 11 ... part of the harmonization of tax regulations approved by the House ... out," Jokowi said. Read More: Tax Evasion Crackdown Better than 12 ... rate will primarily apply to luxury goods, while staple goods will ...News Dec 28, 2024 | 9:57 am
Tax Evasion Crackdown Better than 12 Pct VAT: Analyst
... would only apply to “luxury goods”, and staple goods ... crackdown rather than imposing higher [tax] tariffs on people. For ... amidst the government’s lower luxury tax revenue target. Indonesia aims ... around $1 billion) in overall luxury tax for 2025, lower than Rp ...Business Dec 26, 2024 | 10:45 am
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... increase the Value Added Tax (VAT) on luxury goods to 12 percent ... the 12 percent VAT on luxury goods negatively affects the ... Complex in Jakarta. The tax hike is part of the ... percent VAT selectively, targeting only luxury goods to minimize the burden ...Business Dec 24, 2024 | 10:21 am
Senior Lawmaker Says VAT Hike Was Initiated by PDI-P
... The increase in value-added tax (VAT) from 11 percent to ... Committee, revealed that the tax harmonization legislation passed in 2021 ... limiting the VAT increase to luxury goods, aiming to minimize the ... blame to Prabowo for the tax increase, emphasizing that the ...News Dec 22, 2024 | 1:07 pm
Breakdown of 15 Economic Policy Stimuli for Public Welfare in 2025
... incentives. These incentives include tax exemptions and reductions for ... facilities, including: Value-added tax (VAT) Subsidized by the ... than 40%. Government-borne Luxury Goods Tax of 15% on ... vehicles. Government-borne Income Tax (PPh 21) incentive for ...Special Updates Dec 19, 2024 | 9:38 am
Indonesia’s Car Sales Drop 15 Pct, Astra Maintains Dominance
... is introducing a 3 percent luxury goods tax incentive for hybrid vehicles ... in 2025 alongside extended EV tax incentives, aiming to support the ...Business Dec 18, 2024 | 2:29 pm
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
... subject to VAT or Sales Tax on Luxury Goods (PPnBM). Examples ... the VAT hike as targeting luxury goods, arguing that it ... 0.5 percent final income tax rate, while labor-intensive ... industries will receive wage tax incentives, financing assistance, and ...Business Dec 17, 2024 | 5:17 pm
Indonesia Rolls Out $51.65 Billion Stimulus Package for 2025 to Offset VAT Increase
... beef, imported fruits, and luxury services like high-end ... substantial tax breaks, including a 3 percent reduction in luxury ... rate will primarily target luxury goods and services. For ... will remain exempt. Similarly, luxury health and education services will ...Business Dec 16, 2024 | 6:26 pm
From Premium Beef to Elite Schools: 12 Pct VAT to Apply to Luxury Goods
... percent value-added tax or VAT would apply to luxury goods and ... part of the government's tax reforms to ensure fairness and ...Business Dec 16, 2024 | 4:33 pm
Hybrid Cars in Indonesia to Get 3 Pct Luxury Tax Incentive
... as hybrid vehicles. “The luxury tax on hybrids will be ... 3 percent of the [luxury] tax burden for hybrid vehicles,” ... four-wheelers are already enjoying luxury tax incentives. At present, electric ... keep the government-borne luxury tax for completely built-up, ...Business Dec 16, 2024 | 2:33 pm
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