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Search result with “Vat Hike” as a keyword founded 56 news.
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
VAT Hike: Gov’t Told to Explain What Classifies as Luxury Goods
... the upcoming value-added tax (VAT) hike. Indonesia has decided to proceed ... its plans to raise the VAT from the current 11 percent ... even be subject to the VAT hike,” Achmad Nur said over the ...Business Dec 9, 2024 | 9:04 am
Prabowo: VAT Hike to Focus Exclusively on Luxury Goods
... luxury goods and services. The hike, mandated by existing legislation, ... January 1, 2025. “The VAT increase is a legal mandate ... 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
... warning, as the impending VAT hike could further jeopardize the ... has confirmed that the VAT hike will proceed as scheduled ... Misbakhun, clarified that the VAT increase will primarily affect luxury ... continue to pay the current VAT rate. "Small businesses ...Business Dec 6, 2024 | 8:36 pm
Gov't Tries to Find Middle Ground Amid 12 Pct VAT Concerns
... 12-percent value added tax (VAT) plans, according to President ... 11 percent. The upcoming VAT hike has sparked backlash from experts ... public opposition, although the VAT would only apply to luxury ... Taufikurahman warned that the VAT increase from the current ...Business Dec 6, 2024 | 11:13 am
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 ... to be seen how the VAT hike will impact growth -- whether ...Business Dec 5, 2024 | 9:31 pm
Gov’t to Enforce 12% VAT on January 1 Despite Public Opposition
... increase the value-added tax (VAT) rate from 11 percent to ... in Jakarta. Misbakhun said the VAT hike will be applied selectively to ... 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 ... , Indonesia will raise the VAT from the current 11 percent ... to postpone or cancel the VAT hike, and also to explore ... 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
... (LPEM FEB UI), the VAT hike will significantly impact both the ... . Rezki warned that the VAT increase could push more individuals ... 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
... the value-added tax or VAT, according to a retail ... government will increase the VAT from 11 to 12 ... citing that the tax hike could further weaken Indonesia’s ... in 2025. “The tax hike is not the only way ... government to delay the VAT hike by at least another ...News Dec 3, 2024 | 9:29 pm
Gov’t Urged to Avoid ‘Arrogant’ Push for VAT Hike
... arguing that imposing the hike under current conditions would ... expressed concern that the tax hike could lead to unintended consequences ... mitigate losses caused by the hike,” Handaka said at the ... Handaka also emphasized that the VAT hike is not set in stone ...Business Dec 3, 2024 | 6:24 pm
Indonesia’s Efforts to Reduce Airfares Could Clash with VAT Increase
... increase in value-added tax (VAT), which is expected to ... season, Wijayanto argued that the VAT hike would push prices up, making ... that the impact of the VAT increase could be mitigated ... in 2025 due to the VAT hike. Taufikurahman also highlighted the potential ...Business Dec 2, 2024 | 9:00 pm
Government Weighs Social Aid for Middle Class Ahead of 12% VAT Hike
... support those affected by the hike. However, he emphasized that ... if necessary. The proposed VAT hike has faced significant backlash over ... It’s almost certain the VAT hike will be postponed. Stimulus packages ... government to delay the VAT hike until at least the ...News Dec 2, 2024 | 5:22 pm
VAT Hike Likely Delayed, Electricity Subsidies to Cushion the Impact, Says Luhut
... 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 will ... in the implementation of the hike. Dwi Astuti, Director of ...Business Nov 28, 2024 | 11:46 am
Trade Unions Demand Wage Hike to Match VAT Increase
... raise the Value Added Tax (VAT) rate to 12 percent. They ... that without a corresponding wage hike, workers’ purchasing power will decline ... are not raised alongside the VAT increase. “If the wage ... announced by December 2024. The VAT increase from 11 percent to ...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 ... taxes while focusing on the VAT increase. "However, it is ... broad impact of the VAT increase. "VAT will target nearly all ... 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
... information about the tax hike that will have widespread ... information regarding the tax hike implications. She argued the ... cancellation of the planned tax hike. "The government must ... public, especially regarding the VAT hike, both in delivering the ...Business Nov 25, 2024 | 3:48 pm
Upcoming VAT Hike Worries Indonesian Car Buyers
... that the imminent tax hike had left him worried ... money [following the tax hike]. I might even have ... government will delay the VAT hike, citing that people have ... . Increasing the tax hike might also not be ... board with the upcoming VAT hike. “It will weaken ...Business Nov 25, 2024 | 9:07 am
Rising Taxes Could Weaken Middle-Class Purchasing Power, CORE Economist Says
... increase state revenue through the VAT increase, the middle class ... . Faisal warned that the VAT hike would likely weaken middle-class ... the impact of the upcoming VAT increase. Among these measures ... to daily life will remain VAT-free. Exemptions include staple ...Business Nov 23, 2024 | 4:21 pm
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