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Value Added Tax
Netflix, Spotify Subscriptions Exempt from 12 Percent VAT Hike

Netflix, Spotify Subscriptions Exempt from 12 Percent VAT Hike

English

4 bulan lalu
The Indonesian government has decided to maintain the 11 percent Value Added Tax (VAT) rate for streaming services such as Netflix and Spotify, forgoing a planned increas
Indonesia Announced VAT-Exempt Goods and Services

Indonesia Announced VAT-Exempt Goods and Services

English

4 bulan lalu
Indonesian President Prabowo Subianto emphasized that the increase in the Value Added Tax (VAT) rate to 12 percent, effective January 1, 2025, will only apply to luxury g
Government Confirms No VAT on QRIS and E-Money Payments

Government Confirms No VAT on QRIS and E-Money Payments

English

4 bulan lalu
Indonesian Coordinating Ministry for Economic Affairs Airlangga Hartarto said that the virtual payments through the Quick Response Code Indonesian Standard (QRIS) and e-M
Minister Ensures VAT Increase Policy Wil Not Affec MSMEs

Minister Ensures VAT Increase Policy Wil Not Affec MSMEs

English

4 bulan lalu
The Minister of Cooperatives and Small and Medium Enterprises, Maman Abdurachman, believes that the government’s policy on adjusting the Value Added Tax (VAT) to 12 perce
Kadin Chairman Highlights VAT Hike on 12 Percent

Kadin Chairman Highlights VAT Hike on 12 Percent

English

4 bulan lalu
The Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Bakrie, spoke out regarding the government's policy to raise the Value-Added Tax (VAT) to
VAT Rate to Rise by 12 Percent from January 2025 in Indonesia

VAT Rate to Rise by 12 Percent from January 2025 in Indonesia

English

4 bulan lalu
The government has confirmed that the Value Added Tax (VAT) rate will increase to 12 percent starting January 1, 2025.
Prabowo Confirms 12 Percent VAT Hike Targets Only Luxury Items

Prabowo Confirms 12 Percent VAT Hike Targets Only Luxury Items

English

5 bulan lalu
President Prabowo Subianto confirmed that the 12 percent value-added tax (VAT) increase, set to take effect on January 1, 2024, will only apply to luxury goods.
Government Ensures Essential Goods Secured from VAT

Government Ensures Essential Goods Secured from VAT

English

5 bulan lalu
Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized that certain essential goods and basic necessities will not be subject to the planned 12% VAT.
Minister: No Talks Yet on Postponing 12 Percent VAT Implementation

Minister: No Talks Yet on Postponing 12 Percent VAT Implementation

English

5 bulan lalu
The Coordinating Minister for Economic Affairs, Airlangga Hartarto, stated that the government has not yet discussed postponing the implementation of a 12 percent VAT.
Ministry Reveals Cost Components to Lower Airfares

Ministry Reveals Cost Components to Lower Airfares

English

5 bulan lalu
The government plans to reduce domestic flight ticket prices by up to 10 percent during the Christmas and New Year (Nataru) period of 2024-2025.
An Economist Predicts Drop in Spending as VAT Hits 12 Percent

An Economist Predicts Drop in Spending as VAT Hits 12 Percent

English

5 bulan lalu
An economist from the Institute for Development of Economics and Finance (INDEF) has cautioned the government about the potential impact of raising the Value-Added Tax.
The Negative Impact of Indonesia's VAT Increase to 12 Percent

The Negative Impact of Indonesia's VAT Increase to 12 Percent

English

5 bulan lalu
The government plans to raise the Value Added Tax (VAT) rate to 12 percent starting on January 1, 2025.
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