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Search result with “Vat Hike” as a keyword founded 56 news.
DPR Deputy Chair Confirms VAT Increase Will Proceed as Scheduled
... upcoming Value Added Tax (VAT) increase are planned, despite ... added that delaying the VAT hike would require a mutual agreement ... and economic activity. The VAT increase has been implemented ... . Despite concerns over the VAT hike's potential effects, Hekal ...News Nov 21, 2024 | 11:27 am
Understanding the Rationale Behind the Government's Plan to Raise VAT to 12%
... complementary policies to ensure the VAT hike, from 11 percent to ... public. “The increase in VAT is accompanied by preemptive policies ... 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 12 ... does not explicitly mandate the hike on New Year’s Day ... citizens are opposed to the VAT hike, even though the law provides ... government whether the 12 percent VAT would be delayed, given today ...Business Nov 20, 2024 | 9:10 pm
VAT Hike Could Hamper Economic Growth: Analyst
... value-added tax (VAT) hike, set to take effect on ... (Apindo), cautioned that the VAT hike could backfire, negatively affecting both ... government to delay the VAT hike until the national economy ... purchasing power, but this hike will only discourage spending,” ...Business Nov 20, 2024 | 5:21 pm
VAT Hike to Deal Blow to Hotel Industry
Jakarta. The upcoming hike on value-added tax (VAT) has sparked worries ... is planning to raise VAT from 11 percent to ... [the government] that the [VAT hike] could lower sales,” PHRI chairman ... to Hariyadi, the higher VAT would mean lower purchasing power ...Business Nov 20, 2024 | 8:01 am
Golkar Lawmaker Says VAT Increase Not Finalized, Awaiting President Prabowo’s Return
... the decision on the VAT hike will be made by ... his overseas trip. "The VAT proposal is still just ... “If there is a VAT increase, it will be ... ready to implement the VAT rate hike from 11 percent ... that while the proposed VAT hike is controversial, there are ...News Nov 19, 2024 | 9:28 pm
Labor Unions Plan National Strike If VAT Hike Goes Through
... raises the Value Added Tax (VAT) from 11 percent to 12 ... Labor Party, warned that the VAT hike would exacerbate the economic strain ... Bill on 2025 Agenda as VAT Increase Faces Public Pushback In ... the cancellation of the planned VAT increase. Finally, they urge ...Business Nov 19, 2024 | 9:00 pm
Tax Amnesty Bill on 2025 Agenda as VAT Increase Faces Public Pushback
... tax matters," Misbakhun said. VAT Increase The House of Representatives ... increase the Value Added Tax (VAT) to the government. The ... to the policy. The VAT hike is being implemented under the ... deciding whether to implement the VAT hike. He also recognized that ...Business Nov 19, 2024 | 7:40 pm
Automotive Industry Gives Cold Shoulder to VAT Hike
... impending value-added tax (VAT) increase set to take effect ... to consider delaying the VAT hike until key economic indicators ... expressed concerns that the VAT increase would further depress ... The belief that a tax hike will automatically increase revenue may ...Business Nov 19, 2024 | 7:24 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 ... state budget. By raising the VAT, the government at the time ... Hidayat recently warned that the VAT could deal a fatal blow ...Business Nov 19, 2024 | 10:48 am
Business Association Says Indonesia Already Has Highest VAT Rate in Region
... plan to implement a hike in value-added tax ... currently has the highest VAT in Southeast Asia, the ... Handaka Santosa said the hike will be a major ... . In theory, the VAT hike is the government's shortcut ... he said. Moreover, the hike will reduce the size of ...Business Nov 18, 2024 | 7:24 pm
12 Pct VAT Can Take Toll on Minimum Wage Earners, Expert Warns
... The upcoming value-added tax (VAT) hike could take a huge toll ... s decision to increase the VAT by 1 percentage point has ... standards later this month. The VAT hike could cause the price of ... that the VAT hike could lead to massive layoffs. A VAT hike could prompt ...Business Nov 18, 2024 | 2:11 pm
Expert Suggests Ways to Boost Gov’t Revenues Other than VAT Hike
... increase the value-added tax (VAT). Starting in January, Indonesia will ... raise the VAT from the current 11 percent ... alternatives to a 12-percent VAT hike. “The government currently needs ... ’t have to raise the VAT,” Esther said. According to ...Business Nov 18, 2024 | 8:40 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, as ... .95 percentage points. "Another VAT hike will add inflationary pressures in ...Business Nov 17, 2024 | 7:07 pm
Business Associations Call for Postponement of 12% VAT Increase
... hinder economic growth. "This VAT increase will affect product prices ... and pushing through the VAT increase could place further pressure ... that the government delay the VAT hike. "The government can adjust ... , the timing of the VAT hike is not ideal. People' ...Business Nov 15, 2024 | 9:02 pm
Proposed VAT Hike Could Stifle Economic Growth, Warns Indef
... Indef's analysis, the VAT hike would reduce competitiveness due to ... the impact of the VAT hike would also result in ... According to Ahmad Heri, the VAT hike triggers increased costs and slows ... Gapmmi), said that the planned VAT hike would heavily burden the food ...Business Mar 20, 2024 | 3:37 pm
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