SEARCH

Search result with “Vat Hike” as a keyword founded 54 news.

Gov’t Launches App to Verify Social Aid Beneficiaries

... of the recent hike in value-added tax (VAT). According to Saifullah ...
News Jan 2, 2025 | 11:51 pm

From Spotify to Google Play: Gov’t to Return Money from Miscalculated VAT

... evening that the 12 percent VAT would exclusively apply to luxury ... to name a few. The VAT hike officially entered into force on ... means that the 12 percent VAT should not affect popular ... last-minute announcement that the hike would only affect luxury goods ...
Business Jan 2, 2025 | 5:43 pm

JCI Rises on 2025 Opening Day, VAT Policy Eases Investor Concerns

... that the Value-Added Tax (VAT) hike from 11 percent to 12 ...
Business Jan 2, 2025 | 9:49 am

Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact

... increase in value-added tax (VAT). As part of the stimulus ... vehicle purchases, as well as VAT relief for home purchases," she ... Subianto's confirmation that the VAT rate would increase from 11 ... president underlined that the new VAT rate would apply only to ...
Business Jan 1, 2025 | 3:55 am

Prabowo Announces 12% VAT Increase on Luxury Goods Starting January 2025

... announced a hike in the Value Added Tax (VAT) from 11 ... president clarified that the increased VAT will apply exclusively to ... , will remain exempt from VAT, continuing to be taxed ... purchasing power. "The gradual VAT hike was designed to avoid significant ...
News Dec 31, 2024 | 7:30 pm

Indonesian Stock Market Faces Headwinds with New 12% VAT in 2025

... 12 percent value-added tax (VAT) starting January 1. This policy ... Stocknow.id, warned that the VAT hike would deal a heavy blow ... material costs due to the VAT increase may deter new property ...
Business Dec 31, 2024 | 1:09 pm

Rupiah Gains Ground Amid Declining Dollar Index

... favorable for a rate hike, with one predicting action ... and public transportation services remain VAT-exempt, minimizing the burden ... revealed that half of VAT exemptions currently benefit higher ... , the potential revenue from VAT is significantly higher. Ibrahim ...
Business Dec 30, 2024 | 5:33 pm

From Jokowi to Prabowo: 2024 Marks New Chapter for Indonesia

... cancel the value-added tax (VAT) hike. The Prabowo administration already announced ... the plan to raise the VAT from 11 percent to 12 ... percent starting on Wednesday. The VAT increase was a mandate from ...
News Dec 30, 2024 | 12:53 pm

Jokowi Backs VAT Hike to 12 Percent Despite Public Outcry

... Solo, Central Java. The VAT hike, set to take effect next ... Crackdown Better than 12 Pct VAT: Analyst The Finance Ministry ... Indonesia last increased the VAT rate from 10 percent to ... also reiterated that the VAT adjustment aligns with legislative decisions ...
News Dec 28, 2024 | 9:57 am

Tax Evasion Crackdown Better than 12 Pct VAT: Analyst

... the value-added tax (VAT), according to an analyst. ... not be subject to the VAT. Yusuf Wibisono, the ... Next Policy, said the VAT hike could add pressure on ... able to increase its VAT revenue without the tariff ... Indonesia last raised the VAT from 10 percent to ...
Business Dec 26, 2024 | 10:45 am

Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts

... in Jakarta. The tax hike is part of the Tax ... and address concerns surrounding the VAT increase. “Economic stimulus designs ... , and education—from the VAT increase. The policy also ... said selective implementation of VAT could help strengthen export-oriented ...
Business Dec 24, 2024 | 10:21 am

Senior Lawmaker Says VAT Hike Was Initiated by PDI-P

... recent opposition to the hike. PDI-P remains the ... in debates over the VAT hike. Wihadi Wiyanto, deputy chairman ... s opposition to the VAT hike came after it no ... cautiously by limiting the VAT increase to luxury goods, ... not true that the VAT hike was decided by the ...
News Dec 22, 2024 | 1:07 pm

Government Projects 0.3% Inflation Increase with New 12% VAT Rate in 2025

... Tuesday in Jakarta. The VAT hike is regulated under the ... Agency (BPS), the 2022 VAT hike pushed inflation from 2.64 ... Studies (Celios) warned the VAT hike could exacerbate inflation and pressure ... the economic burden from the VAT hike, the government has prepared ...
Business Dec 18, 2024 | 9:36 am

Celios: VAT Hike Could Increase Monthly Spending by $22 for Middle Class

... middle income groups. The VAT hike is expected to increase ... tax fairness. Additionally, the VAT hike to 12 percent will not ... government estimated that the VAT hike would generate Rp 75 trillion ... “The impact of the VAT hike on household consumption growth is ...
Business Dec 17, 2024 | 6:08 pm

VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain

... items that were previously VAT-free. According to Muhammad ... transportation, are exempt from VAT under Government Regulation No. ... government’s framing of the VAT hike as targeting luxury goods, ... the economic burden from the VAT hike, the government has prepared ...
Business Dec 17, 2024 | 5:17 pm

Labor-Intensive Sector Workers to Enjoy Income Tax Incentive

... the value-added tax (VAT) hike. In about two weeks ... 12 percent. The tax hike would leave out staple ... to reduce the higher VAT impact. This includes a ... decision to raise the VAT has raised public scrutiny. ... ago warned that the VAT increase could shrink Indonesia ...
News Dec 17, 2024 | 12:06 pm

Indonesia to Raise VAT to 12 Percent on January 1

... . The value-added tax (VAT) hike to 12 percent will officially ... however, will make staple goods VAT-free. "As scheduled and ... includes granting a one-percent VAT discount for MinyaKita, the ... production purposes. So the VAT rates for these products will ...
Business Dec 16, 2024 | 11:07 am

Indonesia to Unveil New Economic Policy Package, Including VAT Overhaul, on Monday

... sustainable growth. While the VAT increase is set to primarily ... healthcare services from the VAT and is considering further ... , especially after a previous VAT hike in 2022, which led ... middle class, the upcoming VAT increase could exacerbate financial strain ...
Business Dec 14, 2024 | 11:01 am

Finding the Middle Ground on 12 Percent VAT

... multiple-rate scheme for this VAT hike to avoid a disrupted ... amid public opposition to the VAT hike. She also doubts that ... has improved before imposing the VAT hike, Esther said. The analyst ... forfeiture bill compared to the VAT hike. This key anti-corruption ...
Business Dec 10, 2024 | 9:50 am

VAT Hike on Luxury Goods to Impact Low-Income Families as Well, Analysts Warn

... will impose a hike in VAT from 11 percent ... January 1 but the hike is limited to ... -income groups. “The VAT hike on luxury goods will ... “A one-percentage-point VAT hike might seem minor -- just ... yarn, zipper, buttons --incurs VAT. After the cumulative effect, the ...
Business Dec 9, 2024 | 1:35 pm
COPYRIGHT © 2025 JAKARTA GLOBE. ALL RIGHTS RESERVED