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Search result with “Vat Increase” as a keyword founded 87 news.
Indonesian Retailers Won’t Accept Big-Name Products Directly from Chinese Factories: Association
... . Read More: Prabowo Announces 12% VAT Increase on Luxury Goods Starting January ...Business Apr 24, 2025 | 5:36 am
Indonesia Begins 60-Day Trade Talks with US, Offers Commodity Imports for Tariff Relief
... negotiation strategy, Indonesia plans to increase imports of US energy products ... reduction in value-added tax (VAT) on select US goods and ...Business Apr 18, 2025 | 10:45 am
Indonesia Considers Doubling US Crude, LPG Imports to Offset Tariffs
... state budget and won't increase our import volumes.” Read More ... are underway. The planned import increase is one of several initiatives ... reduction in value-added tax (VAT) for selected US products, to ...Business Apr 17, 2025 | 10:06 pm
Indonesia Offers Import Hike, Tax Incentives to Defuse Trade Strain with US
... specific figures on the anticipated increase in imports. "Indonesia will buy ... , 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
... 6 percent value-added tax (VAT) discount on economy-class airfare ... must take concrete steps to increase purchasing power," Syafruddin warned, emphasizing ...Business Mar 19, 2025 | 2:39 pm
Indonesia’s Tax Revenue Drops 42 Pct in January as New Coretax System Faces Hurdles
... trillion, a 13.29 percent increase from 2024. A government report ... the drop to weaker domestic VAT collection and a slowdown in ... decline, tax revenue from import VAT, payroll tax (PPh 21), ... tax provided crucial support. Import VAT contributed Rp 20.21 trillion ...Business Mar 13, 2025 | 12:34 pm
Government Offers Up to 14 Pct Discount on Airfare for 2025 Eid Homecoming Season
... reducing the Value-Added Tax (VAT) on economy-class domestic flights ... will pay only 5 percent VAT instead of the standard 11 ... , the government has introduced a VAT reduction on airfare. According to ... . This represented a 56.4% increase from the 123.8 million ...Lifestyle Mar 1, 2025 | 5:05 pm
Gov't Cuts VAT on Economy-Class Airfare to Ease Holiday Travel Costs
... the government is providing a VAT incentive for scheduled domestic economy ... by airline operators. The VAT incentive is available for tickets ... volume. By introducing the VAT reduction, the government aims ... a significant 56.4 percent increase from the 123.8 ...Lifestyle Feb 28, 2025 | 9:00 pm
Government Sets Tax Exemption for Employees Earning Rp 10 Million
... remains intact, despite the increase in the VAT rate to 12 percent ...News Feb 17, 2025 | 5:01 pm
Electricity Tariff Discount Leads to Deflation in January
... of a recent increase in the value-added tax (VAT) to 12 ...Business Feb 3, 2025 | 3:49 pm
President Prabowo’s First 100 Days: Key Policies Receive Praise, But Challenges Remain
... 12 percent value-added tax (VAT) increase on luxury goods, Indonesia's ... areas that require attention. The VAT increase, which applies only to luxury ... year, the government set the VAT increase from 11 percent to 12 ...News Jan 29, 2025 | 11:21 am
From Spotify to Google Play: Gov’t to Return Money from Miscalculated VAT
... the latest value-added tax (VAT) increase. Just hours before the year ... evening that the 12 percent VAT would exclusively apply to luxury ... means that the 12 percent VAT should not affect popular ... 11-percent scheme, the VAT for the subscription should only ...Business Jan 2, 2025 | 5:43 pm
Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact
... affected by the increase in value-added tax (VAT). As part of ... vehicle purchases, as well as VAT relief for home purchases," she ... 's confirmation that the VAT rate would increase from 11 percent to ... 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
... president clarified that the increased VAT will apply exclusively to ... yachts, and luxury homes. "This increase is aimed at items consumed ... , will remain exempt from VAT, continuing to be taxed ... businesses. Prabowo said the VAT increase is in line with the ...News Dec 31, 2024 | 7:30 pm
Indonesian Stock Market Faces Headwinds with New 12% VAT in 2025
... 12 percent value-added tax (VAT) starting January 1. This policy ... Stocknow.id, warned that the VAT hike would deal a heavy ... material costs due to the VAT increase may deter new property sales ...Business Dec 31, 2024 | 1:09 pm
12 Pct VAT to Have Little Impact on Concert Pricing, Promoter Says
... value-added tax or VAT would not have a ... would only be a “slight increase” in how much a ... will officially raise the VAT from the current 11 percent ... will not increase that much [once the 12-percent VAT is ... said that the upcoming VAT would focus on luxury ...Lifestyle Dec 31, 2024 | 10:00 am
Rupiah Gains Ground Amid Declining Dollar Index
... However, Ibrahim sees the increase as a strategic move to ... and public transportation services remain VAT-exempt, minimizing the burden ... , the potential revenue from VAT is significantly higher. Ibrahim ... tax revenue from the VAT increase to reach Rp 75. ...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 ... percent starting on Wednesday. The VAT increase was a mandate from the ...News Dec 30, 2024 | 12:53 pm
Jokowi Backs VAT Hike to 12 Percent Despite Public Outcry
... Crackdown Better than 12 Pct VAT: Analyst The Finance Ministry ... clarified that the higher VAT rate will primarily apply ... Indonesia last increased the VAT rate from 10 percent to ... Jokowi also reiterated that the VAT adjustment aligns with legislative decisions ...News Dec 28, 2024 | 9:57 am
Indonesia Mulls Extending 10% Flight Discount Until Eid al-Fitr 2025
... 12 percent Value Added Tax (VAT) increase, which will be implemented at ...News Dec 26, 2024 | 11:17 am
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