Jakarta – Indonesia's unaudited budget deficit for 2024 was smaller than the government's earlier estimate, official data showed on Monday, providing a buffer for fiscal needs in 2025 a
Taxation & State Budget
Displaying 1 - 50 of 502 Documents
January 6, 2025
January 2, 2025
Hammam Izzuddin, Eko Ari Wibowo, Jakarta – The House of Representatives Ethics Committee (MKD) will summon a member of the House of Representatives, Rieke Diah Pitaloka, for alleged eth
Tri Listiyarini, Jakarta – A smallholder association recently urged the Indonesian government to rethink before raising the export levy on crude palm oil (CPO).
Dani Aswara, Aisha Shaidra, Jakarta – Indonesian people's spending has the potential to increase in 2025 because they have to pay several new levies and certain tariff increases.
Ervana Trikarinaputri, Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati has said that state revenue for 2024 did not meet the established target.
December 31, 2024
Grace Sihombing and Norman Harsono – Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on January 1 amid escalating publ
Bambang Ismoyo, Mita Amalia Hapsari, Jakarta – President Prabowo Subianto officially announced a hike in the Value Added Tax (VAT) from 11 percent to 12 percent, effective January 1, 20
Annisa Febiola, Jakarta – Deputy Speaker of the House of Representatives (DPR) of Indonesia, Adies Kadir, claimed that the increase in the Value Added Tax (VAT) rate to 12 percent would
Muhammad Ghafur Fadillah, Jakarta – The Indonesian stock market is set to face significant hurdles in 2025 with the introduction of a 12 percent value-added tax (VAT) starting January 1
Natau Lasniroha Sinaga, Jakarta – Director of the Center of Economic and Law Studies (Celios) Mhd.
December 30, 2024
Jakarta – The Honor Council (MKD) of the House of Representatives (DPR) plans to summon Rieke Diah Pitaloka, serving at DPR's Commission VI, over her opposition to the 12 percent value-
Angelina Tiara Puspitalova, Jakarta – The Indonesian government plans to impose a 12 percent increase in Value Added Tax or VAT on various sectors, including education, especially inter
Izzatun Najibah, Reni Susanti, Surabaya – Protests against the planned increase in value added tax (VAT) are continuing.
Medan – Dozens of students from the North Sumatra Student Alliance held a demonstration at the North Sumatra (Sumut) Regional House of Representatives (DPRD) building on Monday December
Jakarta – Chair of the House of Representatives' (DPR's) Budget Agency Said Abdullah said that the increase in the value-added tax (VAT) rate from 11 percent to 12 percent next year wil
Jogja, Adji G Rinepta – Protesters calling themselves the Jogja Calling (Jogja Memanggil) Alliance demonstrated in front of the Yogyakarta provincial Regional House of Representatives (
December 28, 2024
Wahyu Prakoso, Esposin, Solo – Students who are members of the Greater Solo Student Executive Council (BEM) Alliance and civil society activists held a demonstration in the Gladak area
Wijayanti Putri, Solo – Former President Joko "Jokowi" Widodo has voiced support for the government's decision to raise the value-added tax (VAT) rate from 11 percent to 12 percent, des
December 26, 2024
Arnoldus Kristianus, Jakarta – It is best for the government to focus on having a tax evasion crackdown rather than raising the value-added tax (VAT), according to an analyst.
Makassar – Students from the Makassar State University (UNM) held a protest action rejecting the Prabowo Subianto administration's plan to increase the value added tax (VAT) rate to 12
Jakarta – Scores of protesters from the Populist National Association of Student Executive Councils (BEM SI Kerakyatan) held a demonstration in the Horse Statue area of Central Jakarta
December 23, 2024
Annisa Febiola, Jakarta – Member of the House of Representatives (DPR) of the Gerindra Party Faction, Heri Gunawan, said that PDIP does not need to play drama by pretending to defend pe
Jakarta – There are good reasons for (and against) hiking the value added tax (VAT) by one percentage point on Jan.
Vendro Immanuel G, Jakarta – Bhima Yudhistira, Executive Director of the Center of Economic and Law Studies (Celios), has disputed the government's assessment of the impact of the upcom
December 22, 2024
Yustinus Paat, Jakarta – The increase in value-added tax (VAT) from 11 percent to 12 percent, effective next month, was initiated by the Indonesian Democratic Party of Struggle (PDI-P),
December 20, 2024
Antara, Jakarta – Indonesia plans to introduce an excise tax on sweet beverages (MBDK), projected to generate Rp 6.25 trillion ($385.24 million) in revenue, according to the Institute f
December 19, 2024
Jakarta – A total of 99,098 people have signed a petition addressed to Indonesian President Prabowo Subianto to cancel the 12 percent increase in Value-Added Tax (VAT) on the change.org
Jakarta – The government denied Thursday media reports that they were planning to cut the threshold for the final income tax for Indonesia's micro, small and medium enterprises (MSMEs).
Antara, Jakarta – The Indonesian Police have deployed at least 820 combined personnel to secure a protest against the 12-percent VAT hike at the Presidential Palace in Central Jakarta.
December 18, 2024
Arnoldus Kristianus, Jakarta – The Coordinating Ministry for Economic Affairs expects inflation to rise by 0.3 percent in 2025 following the implementation of a 12 percent Value-Added T
S. Dian Andryanto, Michelle Gabriela, Jakarta – The government ensures that the 12 percent increase in Value Added Tax or VAT will take effect from January 1, 2025.
December 17, 2024
Jayanty Nada Shofa, Jakarta – The government will roll out an income tax incentive package for people working in the labor-intensive industries as a means to cushion Indonesia's middle
December 16, 2024
Alfida Rizky Febrianna, Arnoldus Kristianus, Jakarta – The Indonesian government has unveiled a series of economic stimulus packages totaling Rp 827 trillion ($51.65 billion) for 2025,
Arnoldus Kristianus, Jakarta – The value-added tax (VAT) hike to 12 percent will officially enter into force in January 1, according to Chief Economic Affairs Minister Airlangga Hartart
Jayanty Nada Shofa, Jakarta – Indonesia announced Monday that it would roll out a tax incentive for hybrid cars in an attempt to reduce the country's carbon emissions.
Grace Sihombing and Eko Listiyorini – Indonesia will proceed with its value-added tax hike in 2025, while offering a raft of incentives to mitigate the impact on consumption and economi
December 15, 2024
Prima Wirayani – At least one in four firms in Indonesia evaded tax last year, according to a World Bank survey.
December 14, 2024
Arnoldus Kristianus, Jakarta – Indonesia is set to announce a new economic policy package on Monday, according to Chief Economic Affairs Airlangga Hartarto.
December 12, 2024
Nabiila Azzahra, Jakarta – The Finance Ministry is currently finalizing the regulations for the 12 percent value-added tax (VAT) that will be implemented starting next year.
December 11, 2024
Arnoldus Kristianus, Jakarta – The state budget recorded a deficit of Rp 401.8 trillion ($25.2 billion) as of November, but Finance Minister Sri Mulyani Indrawati said on Wednesday that
December 9, 2024
Alfida Rizki Febrianna, Jakarta – The government's assurance that a higher value-added tax (VAT) will apply only to luxury goods, and thus spare low-income families, is being met with s
Alfida Rizky Febrianna, Jakarta – Economist Achmad Nur Hidayat recently said that the government should clearly state what sort of "luxury goods" would be subject to the upcoming value-
Jakarta – President Prabowo Subianto and his administration owe the public an explanation regarding the push and pull of his plan to consolidate the tax office and the customs and excis
December 7, 2024
Medikantyo Adhikresna, Jakarta – The government's plan to implement a 12 percent value-added tax (VAT) in 2025 is feared to reduce automotive sales due to price increases.
Yustinus Paat, Jakarta – Amid growing public resistance to the planned increase in value-added tax (VAT), a close ally of President Prabowo Subianto clarified on Friday that specific go
December 6, 2024
Mita Amalia Hapsari, Jakarta – The government is now trying to find the middle ground following huge backlash to the 12-percent value added tax (VAT) plans, according to President Prabo
Vinnilya, Jakarta – The textile industry is bracing for further hardship as a planned increase in Value Added Tax (VAT) to 12 percent takes effect in January 2025, potentially exacerbat
December 5, 2024
Bella Evanglista Mikaputri, Jakarta – The government will proceed with plans to increase the value-added tax (VAT) rate from 11 percent to 12 percent on January 1, 2025, despite growing
December 4, 2024
Jayanty Nada Shofa, Jakarta – A consumer protection association recently proposed sugary drink excise as a sweet alternative to the controversial value-added tax (VAT) hike, citing that
Alfida Rizki Febrianna, Jakarta – The government's plan to increase the Value-Added Tax (VAT) from 11 percent to 12 percent in January is expected to further reduce Indonesia's middle-c