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Search result with “Vat 12” as a keyword founded 94 news.
Automotive Sales at Risk as Government Plans 12% VAT in 2025
... He said that the 12 percent VAT adds another layer of ... the impact of the 12 percent VAT policy and local tax ... Prabowo Subianto said that the 12 percent VAT would be applied selectively ... tax. "We will implement the 12 percent VAT policy, but selectively, only ...News Dec 7, 2024 | 12:45 pm
Basic Commodities, Healthcare, and Education Exempt from VAT
... usage threshold. The new 12 percent VAT rate, set to take ... been confirmed that the 12 percent VAT is exclusively for luxury ... will remain completely exempt from VAT." Although Dasco acknowledged that ... announcement, he confirmed the VAT increase will proceed as ...Business Dec 7, 2024 | 1:54 am
Prabowo: VAT Hike to Focus Exclusively on Luxury Goods
... value-added tax (VAT) from 11 percent to 12 percent will be ... January 1, 2025. “The VAT increase is a legal mandate ... the potential challenges of multiple VAT rates, noting that applying different ... 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 ... 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 ... public opposition, although the VAT would only apply to luxury ... the balance by applying the [12-percent] VAT to luxury goods. But ...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 ... at approximately Rp 12,300 trillion. The VAT hike could potentially ... concerns, highlighting that the VAT hike could exacerbate the ongoing ... plans to implement the VAT increase starting January 1, ...Business Dec 5, 2024 | 9:31 pm
Gov’t to Enforce 12% VAT on January 1 Despite Public Opposition
... -added tax (VAT) rate from 11 percent to 12 percent on January ... 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
... the controversial value-added tax (VAT) hike, citing that such measures ... raise the VAT from the current 11 percent to 12 percent to ... to postpone or cancel the VAT hike, and also to explore ... be an alternative [to the 12-percent VAT]? … Many Indonesians have been ...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 ... (LPEM FEB UI), the VAT hike will significantly impact both ... . Rezki warned that the VAT increase could push more individuals ... Jahen explained, stating that the VAT increase will only exacerbate the ...News Dec 4, 2024 | 11:07 am
Seizing Assets from Corruptors is Better Than 12 Pct VAT: Retailer
... the value-added tax or VAT, according to a retail ... will increase the VAT from 11 to 12 percent in January ... need to have the [12-percent] VAT,” Roy said. Roy N ... point increase to the VAT will only add Rp ... earned Rp 749 trillion from VAT, up from Rp 694 ...News Dec 3, 2024 | 9:29 pm
Investment Minister Rosan Roeslani Praises IDRT as a Strategic Dialogue Platform Between Government and Public
... over the implementation of the 12 percent VAT, it will become a ...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 businesses ... intent to raise the VAT rate to 12 percent on selected goods ... [state revenue] besides raising the VAT,” said Roy Nicholas Mandey, chairman ... short of calling for the VAT increase to be scrapped ...Business Dec 3, 2024 | 6:24 pm
Indonesia’s Efforts to Reduce Airfares Could Clash with VAT Increase
... in value-added tax (VAT), which is expected to ... VAT increase, set to rise from 11 percent to 12 ... Wijayanto argued that the VAT hike would push prices ... the impact of the VAT increase could be mitigated ... 2025 due to the VAT hike. Taufikurahman also highlighted ...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 ... if necessary. The proposed VAT hike has faced significant backlash ... It’s almost certain the VAT hike will be postponed. Stimulus ... that revenue from the VAT increase will fund public ...News Dec 2, 2024 | 5:22 pm
VAT Hike Likely Delayed, Electricity Subsidies to Cushion the Impact, Says Luhut
... the Value-Added Tax (VAT) rate to 12 percent, which was ... in Jakarta. “Before the 12 percent VAT comes into effect, we ... economic strategies. The proposed VAT increase has been met with ... complementary 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 ... are not raised alongside the VAT increase. “If the wage increase ... 2024. The VAT increase from 11 percent to 12 percent is scheduled ...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 ...Business Nov 26, 2024 | 11:12 am
CITA Criticizes Government for Prioritizing VAT Hike Over Unenforced Taxes
... the government for prioritizing the VAT hike while three other ... the broad impact of the VAT increase. "VAT will target nearly all ... set to raise the VAT rate to 12 percent starting in January ... Tax Regulations (HPP). The VAT rate has already risen incrementally ...Business Nov 25, 2024 | 8:27 pm
Planned VAT Hike Lacks Public Support, Gov't Told
... raise the Value Added Tax (VAT) to 12 percent, which will take ... 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
... value-added tax, or VAT, is raising concerns from ... 11 percent to 12 percent. If the VAT goes up, ... government will delay the VAT hike, citing that people ... Neno said that the 12-percent VAT would only place an ... to pay for the 12-percent VAT.” Car buyer Agam also ...Business Nov 25, 2024 | 9:07 am
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