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.
Taxation & State Budget
Displaying 101 - 150 of 564 Documents
December 12, 2024
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
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
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-
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
December 7, 2024
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
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.
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
Bella Evanglista, Kupang – President Prabowo Subianto called on government officials to reduce business trips and ceremonial events that use state funds.
December 3, 2024
Jayanty Nada Shofa, Jakarta – The government would get much more money from seizing assets lost in corruption compared to raising the value-added tax or VAT, according to a retail assoc
Ilona Estherina, Jakarta – As the January 2025 deadline for the value-added tax (VAT) increase from 11% to 12% looms, uncertainty persists regarding the policy's implementation.
Heru Andriyanto, Basudiwa Supraja, Jakarta – Retail associations on Tuesday urged the government to reconsider its plan to increase the value-added tax (VAT) rate next year, as business
Jakarta – In response to broad public opposition, a number of officials have suggested pushing back a long-planned value added tax (VAT) hike meant to kick in at the turn of the year.
December 2, 2024
Ricki Putra Harahap, Yustinus Paat, Jakarta – The Indonesian government is considering the implementation of a planned Value-Added Tax (VAT) increase to 12 percent, scheduled for Januar
Alfida Rizky Febrianna, Jakarta – The government's efforts to reduce domestic airfares may face setbacks due to an impending increase in value-added tax (VAT), which is expected to rais
November 28, 2024
Antara, Jakarta – The Indonesian government is likely to delay the planned increase in the Value-Added Tax (VAT) rate to 12 percent, which was initially scheduled to take effect on Janu
November 27, 2024
Adil Al Hasan, Jakarta – Chair of the National Economic Council Luhut Binsar Pandjaitan has responded to the public outcry over the planned implementation of a 12% Value Added Tax (VAT)
November 25, 2024
Hendro D – Situmorang, Muhammad Aulia Rahman, Jakarta.
Ricki Putra Harahap, Jakarta – The government's plan to raise the value-added tax, or VAT, is raising concerns from Indonesian car buyers, some even choosing to make their purchase befo
November 24, 2024
Vendro Immanuel G, Jakarta – Economist from Segara Institute, Piter Abdullah, assessed that the increase of Value Added Tax (VAT) from 11% to 12% is feared to burden the middle class in
November 23, 2024
Monique Handa Shafira, Jakarta – Indonesia's plan to raise its value-added tax (VAT) to 12 percent in early 2025 is expected to disproportionately affect the middle class, according to
November 22, 2024
Vendro Immanuel G, Jakarta – The Indonesian Consumers Foundation (YLKI) expressed strong opposition to the government's plan to increase the Value-Added Tax (VAT) rate to 12%, scheduled
November 21, 2024
Yustinus Paat, Jakarta – Deputy Chair of Commission XI of the House of Representatives (DPR), Mohamad Hekal, said that no changes or delays to the upcoming Value Added Tax (VAT) increas
November 20, 2024
Juan Ardya Guardiola, Jakarta – The upcoming hike on value-added tax (VAT) has sparked worries among Indonesian hotels and restaurants with the industry association saying that it could
Monique Handa Shafira, Jakarta – The planned value-added tax (VAT) hike, set to take effect on January 1, may hinder national economic growth, which relies heavily on household consumpt
November 19, 2024
Vinnilya Huanggrio, Jakarta – The impending value-added tax (VAT) increase set to take effect next year is expected to exacerbate challenges for Indonesia's already struggling automotiv
Arnoldus Kristianus, Jakarta – Amid plans to increase the Value Added Tax (VAT) from 11 percent to 12 percent, raising concerns among many Indonesians, the House of Representatives (DPR
Yustinus Paat, Jakarta – The proposed increase in the Value Added Tax (VAT) rate to 12 percent in 2025, which has faced widespread criticism, remains a topic of discussion and has not y
Jakarta – Indonesia is considering the possibility of a new tax amnesty programme, a senior lawmaker said on Nov 19, which would be the country's third in the past decade despite critic
November 18, 2024
Vinnilya Huanggrio, Jakarta – The government should reconsider the plan to implement a hike in value-added tax next year because Indonesia currently has the highest VAT in Southeast Asi
Alfida Rizki Febrianna, Jakarta – An expert recently said there are other ways to grow state revenue, including imposing excise on alcohol as the government is set to increase the value
Alfida Rizki Febrianna, Jakarta – The upcoming value-added tax (VAT) hike could take a huge toll on Indonesia's minimum wage earners, economist Achmad Nur Hidayat said in a recent inter
November 17, 2024
Whisnu Bagus Prasetyo, Jakarta – The government's plan to raise the value-added tax (VAT) to 12 percent will negatively impact exports, reduce household income, and increase unemploymen
November 15, 2024
Rama Sukarta, Jakarta – The Indonesian Shopping Center Management Association (APPBI) is urging the government to delay the planned increase in Value-Added Tax (VAT) to 12 percent on Ja
November 14, 2024
Iman Rahman Cahyadi, Jakarta – Finance Minister Sri Mulyani Indrawati confirmed on Thursday that the new value-added tax (VAT) rate of 12 percent will be implemented on January 1, in li
Faisal Maliki Baskoro, Jakarta – The Indonesian government is conducting a study on the underground economy, which encompasses tax evasion and other illegal activities.
November 13, 2024
Arnoldus Kristianus, Jakarta – The government has collected Rp 1,517.5 trillion ($96 billion) in tax revenue as of Oct.
November 8, 2024
Ilona Estherina, Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati has reported that the state budget recorded a deficit of Rp309.2 trillion by the end of October 2024.
November 4, 2024
Jakarta – The Indonesian government has extended its tax holiday program until December 31, 2025, to attract more foreign investment.
October 30, 2024
Yustinus Paat, Jakarta – Deputy Finance Minister Anggito Abimanyu faces criticism following his recent suggestion to tax revenues from the underground economy, including online gambling
October 8, 2024
Han Revanda Putra, Petir Garda B, Jakarta – The Vice Chair of the Gerindra Party Advisory Council, Hashim Djojohadikusuma, claims the World Bank is ready to help Indonesia boost its tax
September 23, 2024
Ilham Oktafian, Jakarta – Weak passwords and negligence in accessing the data center may have contributed to a recent breach of the taxpayer identification number database, a senior off
Arnoldus Kristianus, Jakarta – The government collected Rp 183.2 trillion ($12 billion) in customs and excise revenues as of Aug.
September 20, 2024
Alfida Rizky Febrianna, Jakarta – The Directorate General of Taxes (DJP) under the Finance Ministry has denied allegations of a data leak involving the Taxpayer Identification Numbers (
Yustinus Paat, Jakarta – The government's tax exemption for home purchases has been officially extended through December 2024.
Arnoldus Kristianus, Jakarta – Indonesia has signed the Multilateral Instrument Subject to Tax Rule (MLI STTR) alongside leaders from 42 other countries and jurisdictions.