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Search result with “Vat Incentives” as a keyword founded 39 news.
Prabowo’s $1.5 Billion Economic Stimuli: Are They Good Enough?
... bear the value-added tax (VAT) on airfares. Tollway tariffs are ... government to consider lowering the VAT from 11 percent to ... for the possible decline in VAT revenue. Bhima also nudged ... of investment and exports, production incentives, as well as the stability ...Business Jun 10, 2025 | 6:33 pm
Now’s the Perfect Time to Travel Indonesia, Thanks to Gov't-Sponsored Discounts
... train fares, 6 percent off VAT for domestic economy flights, and ... Mulyani Indrawati announced the travel incentives on Monday, saying the move ... 6 percent value-added tax (VAT) discount on economy-class airline ...Lifestyle Jun 2, 2025 | 8:57 pm
Indonesia Begins 60-Day Trade Talks with US, Offers Commodity Imports for Tariff Relief
... reduction in value-added tax (VAT) on select US goods and ... matters related to licensing and incentives," Airlangga added. The talks come ...Business Apr 18, 2025 | 10:45 am
Indonesia Offers Import Hike, Tax Incentives to Defuse Trade Strain with US
... , including relaxing value-added tax (VAT) rates on specific US products ...Business Apr 14, 2025 | 8:51 pm
Frugal Ramadan Spending Puts Pressure on Indonesia's Economy
... Ramadan and Eid. Seven key incentives have been rolled out to ... 6 percent value-added tax (VAT) discount on economy-class airfare ...Business Mar 19, 2025 | 2:39 pm
New Regulation Reduces Import Tariffs on Books, Steel, Bicycles, and More
... liable for value-added tax (VAT) in accordance with existing regulations ... . Additionally, they are exempt from VAT and income tax. 15 percent ... restrictions. Additionally, it provides fiscal incentives for Hajj pilgrims, tax exemptions ...Business Feb 25, 2025 | 9:47 pm
Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact
... up to Rp 10 million. "Incentives for labor-intensive industries will ... vehicle purchases, as well as VAT relief for home purchases," she ... Subianto's confirmation that the VAT rate would increase from ... president underlined that the new VAT rate would apply only ...Business Jan 1, 2025 | 3:55 am
Prabowo Announces 12% VAT Increase on Luxury Goods Starting January 2025
... president clarified that the increased VAT will apply exclusively to ... , will remain exempt from VAT, continuing to be taxed ... tax incentives for workers and small businesses. Prabowo said the VAT ... purchasing power. "The gradual VAT hike was designed to avoid ...News Dec 31, 2024 | 7:30 pm
Government Unveils $1.3 Billion Credit Plan for Labor-Intensive Industries
... series of programs and incentives aimed at sustaining economic ... trillion. In addition, tax incentives have been implemented for employees ... raise the value-added tax (VAT) rate from 11 percent ... government will also absorb the VAT increase on essential goods, ...Business Dec 25, 2024 | 11:43 am
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... address concerns surrounding the VAT increase. “Economic stimulus ... the importance of targeted incentives to protect vulnerable groups ... and education—from the VAT increase. The policy also ... said selective implementation of VAT could help strengthen export- ...Business Dec 24, 2024 | 10:21 am
Bahlil Blames Aggressive Tax Rules for Low Oil and Gas Exploration
... are required to pay VAT upfront during the exploration ... other countries, investors are given incentives, but here in Indonesia, ... million, with the current VAT rules requiring an additional $ ... challenges. The imposition of VAT on exploration activities has been ...Business Dec 19, 2024 | 11:45 pm
Breakdown of 15 Economic Policy Stimuli for Public Welfare in 2025
... of economic policy incentives. These incentives include tax exemptions ... including: Value-added tax (VAT) Subsidized by the Government ( ... class, including: Government-borne VAT (DTP) for purchasing homes ... 2025. 10% government-borne VAT (DTP) for battery ...Special Updates Dec 19, 2024 | 9:38 am
Government Projects 0.3% Inflation Increase with New 12% VAT Rate in 2025
... economic vulnerability. “The VAT increase will add Rp 101 ... discounted electricity bills, while VAT exemptions will be applied ... will receive wage tax incentives, financing assistance, and ... government will also introduce VAT incentives for electric and hybrid ...Business Dec 18, 2024 | 9:36 am
Celios: VAT Hike Could Increase Monthly Spending by $22 for Middle Class
... . Government incentives and stimulus are almost identical to previous ones. VAT exemptions ... that the policy to provide VAT incentives for hybrid vehicles shows inconsistency ... . The government will also introduce VAT incentives for electric and hybrid vehicles ...Business Dec 17, 2024 | 6:08 pm
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
... transportation, are exempt from VAT under Government Regulation No. ... non-premium categories remain VAT-free. Andri criticized ... will receive wage tax incentives, financing assistance, and ... government will also introduce VAT incentives for electric and hybrid ...Business Dec 17, 2024 | 5:17 pm
Indonesia Rolls Out $51.65 Billion Stimulus Package for 2025 to Offset VAT Increase
... financial stability despite the VAT increase. A significant portion ... trillion, will go toward VAT incentives that benefit a range ... government will offer tax incentives for electric and hybrid ... the government would extend VAT exemptions for house purchases. ...Business Dec 16, 2024 | 6:26 pm
From Premium Beef to Elite Schools: 12 Pct VAT to Apply to Luxury Goods
... Indonesia will officially raise the VAT from the current 11 percent ... be subject to the updated VAT. Chief Economic Affairs Minister ... staple goods and public transportation VAT-free. The same goes ... budget to roll out the VAT incentives for the entirety of 2025 ...Business Dec 16, 2024 | 4:33 pm
Hybrid Cars in Indonesia to Get 3 Pct Luxury Tax Incentive
... economic policy packages, including incentives for electric vehicles (EVs). ... already enjoying luxury tax incentives. At present, electric ... percent value-added tax (VAT) discount. The cars sold ... plan to raise the VAT to 12 percent ... however, will be VAT-free.Business Dec 16, 2024 | 2:33 pm
Indonesia to Unveil New Economic Policy Package, Including VAT Overhaul, on Monday
... come in a package, including incentives. Wait for Monday," Airlangga ... sustainable growth. While the VAT increase is set to ... healthcare services from the VAT and is considering further ... middle class, the upcoming VAT increase could exacerbate financial strain ...Business Dec 14, 2024 | 11:01 am
Understanding the Rationale Behind the Government's Plan to Raise VAT to 12%
... public. “The increase in VAT is accompanied by preemptive policies ... tax. To mitigate the VAT impact, essential goods and ... be exempted from VAT, while government-covered tax incentives will apply ... revenue generated from the VAT increase will support social ...Business Nov 21, 2024 | 10:52 am
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