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Search result with “Vat Hike 2025” as a keyword founded 39 news.
Indonesia’s Tax Revenue Drops 42 Pct in January as New Coretax System Faces Hurdles
... planned value-added tax (VAT) hike to 12 percent on luxury ... February 2025 edition, attributed the drop to weaker domestic VAT collection ... decline, tax revenue from import VAT, payroll tax (PPh 21 ... provided crucial support. Import VAT contributed Rp 20.21 ...Business Mar 13, 2025 | 12:34 pm
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
... (VAT) increase. Just hours before the year changed to 2025, ... President Prabowo Subianto announced Tuesday evening that the 12 percent VAT ... name a few. The VAT hike officially entered into force on ... minute announcement that the hike would only affect luxury ...Business Jan 2, 2025 | 5:43 pm
JCI Rises on 2025 Opening Day, VAT Policy Eases Investor Concerns
... Composite Index (JCI) kicked off 2025 on a positive note, gaining ... Sri Mulyani officially opened the 2025 trading year at the Indonesia ... (VAT) hike from 11 percent to 12 percent, effective January 1, 2025, would ...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 ... percent to 12 percent, effective January 1, 2025. ... clarified that the increased VAT will apply exclusively to ... 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
... to face significant hurdles in 2025 with the introduction of a ... 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
... a short-term interest rate hike by the Bank of Japan ... conditions favorable for a rate hike, with one predicting action in ... for China for 2024 and 2025 but warned that weak ... percent value-added tax (VAT) rate starting January 2025, despite public opposition ...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 ... starting on Wednesday. The VAT increase was a mandate from ... the school feeding program in 2025 alone. The planned spending for ...News Dec 30, 2024 | 12:53 pm
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 the ... able to increase its VAT revenue without the tariff ... in overall luxury tax for 2025, lower than Rp 27. ...Business Dec 26, 2024 | 10:45 am
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... to take effect in January 2025. The decision comes in ... in Jakarta. The tax hike is part of the Tax ... and address concerns surrounding the VAT increase. “Economic stimulus designs ... Josua said selective implementation of VAT could help strengthen export-oriented ...Business Dec 24, 2024 | 10:21 am
Government Projects 0.3% Inflation Increase with New 12% VAT Rate in 2025
... Tuesday in Jakarta. The VAT hike is regulated under the ... 2025. According to the Central Statistics Agency (BPS), the 2022 VAT hike ... (Celios) warned the VAT hike could exacerbate inflation and ... economic burden from the VAT hike, the government has prepared ...Business Dec 18, 2024 | 9:36 am
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
... Tax (VAT) rate to 12 percent starting January 2025 will apply ... transportation, are exempt from VAT under Government Regulation No. ... government’s framing of the VAT hike as targeting luxury goods, ... 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
... from the value-added tax (VAT) hike. In about two weeks from ... to 12 percent. The tax hike would leave out staple food ... packages to reduce the higher VAT impact. This includes a government ... provincial minimum wage increase for 2025. The provincial minimum wage in ...News Dec 17, 2024 | 12:06 pm
Finding the Middle Ground on 12 Percent VAT
... VAT revenue from purchases of domestic goods and services throughout 2025 ... has improved before imposing the VAT hike, Esther said. The ... bill compared to the VAT hike. This key anti-corruption ... ’ priority legislation list for 2025. “Assets stolen by imprisoned ...Business Dec 10, 2024 | 9:50 am
Prabowo: VAT Hike to Focus Exclusively on Luxury Goods
... luxury goods and services. The hike, mandated by existing legislation, ... effect on January 1, 2025. “The VAT increase is a legal ... the potential challenges of multiple VAT rates, noting that applying ... 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
... Tax (VAT) to 12 percent takes effect in January 2025, ... warning, as the impending VAT hike could further jeopardize the ... the VAT hike will proceed as scheduled on January 1, 2025, in ... Misbakhun, clarified that the VAT increase will primarily affect luxury ...Business Dec 6, 2024 | 8:36 pm
12% VAT Could Slash Indonesian GDP by Rp 21 Trillion: Analyst
... 12,300 trillion. The VAT hike could potentially reduce GDP by ... exports, he said. “The VAT hike poses new risks to the ... concerns, highlighting that the VAT hike could exacerbate the ongoing slowdown ... of 2025]. However, it remains to be seen how the VAT hike will ...Business Dec 5, 2024 | 9:31 pm
Gov’t to Enforce 12% VAT on January 1 Despite Public Opposition
... (VAT) rate from 11 percent to 12 percent on January 1, 2025 ... in Jakarta. Misbakhun said the VAT hike will be applied selectively to ... members of society. “The new VAT rate will be implemented as ... by law starting January 1, 2025. However, the focus will be ...Business Dec 5, 2024 | 7:46 pm
Sugary Drink Excise Offers A Sweet Alternative to VAT Hike: YLKI
... controversial value-added tax (VAT) hike, citing that such measures ... to postpone or cancel the VAT hike, and also to explore ... alternative [to the 12-percent VAT]? … Many Indonesians have been ... on sugary drinks starting in 2025, which would gradually increase ...News Dec 4, 2024 | 11:45 am
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