SEARCH
Search result with “Vat Hike 2025” as a keyword founded 40 news.
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
VAT Hike Threatens to Shrink Indonesia's Middle Class Further
... Indonesia (LPEM FEB UI), the VAT hike will significantly impact both the ... might drop a class by 2025, but it's clear that ... the greatest impact from the VAT hike," he said during a ... 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
... many citing that the tax hike could further weaken Indonesia’s ... ' priority legislation list in 2025. “The tax hike is not the only ... -feeding program next year. In 2025, the government will spend no ... the government to delay the VAT hike by at least another year ...News Dec 3, 2024 | 9:29 pm
Indonesia’s Efforts to Reduce Airfares Could Clash with VAT Increase
... in value-added tax (VAT), which is expected to ... 12 percent on January 1, 2025, would particularly affect high- ... season, Wijayanto argued that the VAT hike would push prices up, ... airfare prices in 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
... if necessary. The proposed VAT hike has faced significant backlash over ... It’s almost certain the VAT hike will be postponed. Stimulus packages ... the VAT hike until at least the second quarter of 2025. He ... percent in Q1 2025, delaying the VAT increase would be ...News Dec 2, 2024 | 5:22 pm
VAT Hike Likely Delayed, Electricity Subsidies to Cushion the Impact, Says Luhut
... take effect on January 1, 2025, according to Luhut Binsar ... middle class before enforcing the VAT hike. “It is almost certain ... Many economists believe that the VAT hike would erode the purchasing power ... a way to offset the VAT hike. The cash-based BLT ...Business Nov 28, 2024 | 11:46 am
Trade Unions Demand Wage Hike to Match VAT Increase
... that without a corresponding wage hike, workers’ purchasing power will ... that the determination of the 2025 Provincial Minimum Wage (UMP), ... 2025 UMP is expected to be announced by December 2024. The VAT ... current regulation for the 2025 UMP calculation set by the ...News Nov 26, 2024 | 12:48 pm
CITA Criticizes Government for Prioritizing VAT Hike Over Unenforced Taxes
... the government for prioritizing the VAT hike while three other taxes ... broad impact of the VAT increase. "VAT will target nearly all ... the VAT rate to 12 percent starting in January 2025. The ... 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
... (VAT) to 12 percent, which will take effect in January 2025. ... transparent information regarding the tax hike implications. She argued the ... the public, especially regarding the VAT hike, both in delivering the ... take effect on January 1, 2025," she said at the ...Business Nov 25, 2024 | 3:48 pm
Rising Taxes Could Weaken Middle-Class Purchasing Power, CORE Economist Says
... added tax (VAT) to 12 percent in early 2025 is expected ... increase state revenue through the VAT increase, the middle class ... 12 percent on January 1, 2025. Faisal warned that additional ... BPS. Faisal warned that the VAT hike would likely weaken middle-class ...Business Nov 23, 2024 | 4:21 pm
DPR Deputy Chair Confirms VAT Increase Will Proceed as Scheduled
... and reaching 12 percent in 2025. Hekal emphasized that this ... . Despite concerns over the VAT hike's potential effects, Hekal ... for August 2025. For now, the 12 percent VAT increase remains ... implemented on January 1, 2025. "The VAT increase is mandated by ...News Nov 21, 2024 | 11:27 am
Understanding the Rationale Behind the Government's Plan to Raise VAT to 12%
... Tax (VAT) rate to 12 percent starting January 1, 2025, arguing ... complementary policies to ensure the VAT hike, from 11 percent to ... goods will be exempted from VAT, while government-covered tax ... revenue generated from the VAT increase will support social ...Business Nov 21, 2024 | 10:52 am
Gov’t Can Postpone VAT Hike without Amending Law
... Indrawati previously announced that the VAT rate would increase to ... does not explicitly mandate the hike on New Year’s ... citizens are opposed to the VAT hike, even though the law provides ... current economic situation. “When the 2025 budget was being drafted in ...Business Nov 20, 2024 | 9:10 pm
Golkar Lawmaker Says VAT Increase Not Finalized, Awaiting President Prabowo’s Return
... Added Tax (VAT) rate to 12 percent in 2025, which has ... that the decision on the VAT hike will be made by President ... VAT rate hike from 11 percent to 12 percent starting Jan. 1, 2025 ... . Sri Mulyani reassured lawmakers that while the proposed VAT hike is ...News Nov 19, 2024 | 9:28 pm
Labor Unions Plan National Strike If VAT Hike Goes Through
... Tax (VAT) from 11 percent to 12 percent in 2025 and ... Labor Party, warned that the VAT hike would exacerbate the economic strain ... Tax Amnesty Bill on 2025 Agenda as VAT Increase Faces Public Pushback ... in the minimum wage for 2025 to boost the purchasing power ...Business Nov 19, 2024 | 9:00 pm
Tax Amnesty Bill on 2025 Agenda as VAT Increase Faces Public Pushback
... Tax Amnesty Bill in the 2025 National Legislation Program (Prolegnas). ... will become part of the 2025 agenda," Misbakhun said during ... program could be implemented in 2025, as its timing aligns ... deciding whether to implement the VAT hike. He also recognized that ...Business Nov 19, 2024 | 7:40 pm
Gaikindo Hopes 12 Pct VAT Will Have Little Impact on Car Sales
... chose to respect the upcoming VAT hike, while saying that the government ... for the best. “Hopefully, [the VAT hike] will not have too much ... percent VAT should come into effect no later than Jan. 1, 2025 ... . The government last raised the VAT from 10 to ...Business Nov 19, 2024 | 10:48 am
VAT Hike Will Hamper Exports, Increase Unemployment: Indef
... economist, warned that the VAT hike would trigger a series of ... those consequences because raising VAT to 12 percent will ... "A 1 percentage point VAT hike will impact all sectors, ... points. "Another VAT hike will add inflationary pressures in 2025," she added. ...Business Nov 17, 2024 | 7:07 pm
Business Associations Call for Postponement of 12% VAT Increase
... Added Tax (VAT) to 12 percent on January 1, 2025, fearing it ... that the government delay the VAT hike. "The government can adjust the ... perspective, the timing of the VAT hike is not ideal. People's ... with the VAT increase to 12% starting January 1, 2025. She said ...Business Nov 15, 2024 | 9:02 pm
Proposed VAT Hike Could Stifle Economic Growth, Warns Indef
... added tax (VAT) rate to 12 percent in 2025 from the ... Indef's analysis, the VAT hike would reduce competitiveness due to ... According to Ahmad Heri, the VAT hike triggers increased costs and slows ... ), said that the planned VAT hike would heavily burden the food ...Business Mar 20, 2024 | 3:37 pm
Most Popular
1
Norwegian Man Found Dead in River in West Sumatra
2
Trump Chickened Out
3
PDI-P Councilor Dies While Delivering Speech at Party Gathering
4
9 People Killed When Vehicle Plows into Filipino Street Festival Crowd in Vancouver
5
No US Orders for West Java Ceramics Makers as Trade Policies Bite