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Taxation & State Budget

Displaying 101 - 150 of 578 Documents

December 22, 2024

Jakarta Globe - 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

Jakarta Globe - 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 Globe - December 19, 2024

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).

Tempo - December 19, 2024

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.

Tempo - 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

December 18, 2024

Jakarta Globe - 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

Tempo - December 18, 2024

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

Jakarta Globe - 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

Jakarta Globe - December 16, 2024

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

Jakarta Globe - December 16, 2024

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.

Bloomberg News - December 16, 2024

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

Jakarta Globe - 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,

December 15, 2024

Bloomberg News - 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

Jakarta Globe - 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

Tempo - 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

Jakarta Globe - 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 Post Editorial - 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

Jakarta Globe - December 9, 2024

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 Globe - 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

December 7, 2024

Jakarta Globe - 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

Jakarta Globe - 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.

December 6, 2024

Jakarta Globe - 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

Jakarta Globe - December 6, 2024

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

Jakarta Globe - 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

Jakarta Globe - 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

Jakarta Globe - December 4, 2024

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

Jakarta Globe - December 4, 2024

Bella Evanglista, Kupang – President Prabowo Subianto called on government officials to reduce business trips and ceremonial events that use state funds.

December 3, 2024

Jakarta Globe - 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

Tempo - December 3, 2024

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.

Jakarta Globe - December 3, 2024

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 Post Editorial - December 3, 2024

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

Jakarta Globe - 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

Jakarta Globe - December 2, 2024

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

Jakarta Globe - 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

Tempo - 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

Jakarta Globe - November 25, 2024

Hendro D – Situmorang, Muhammad Aulia Rahman, Jakarta.

Jakarta Globe - November 25, 2024

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

Tempo - 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

Jakarta Globe - 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

Tempo - 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

Jakarta Globe - 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

Jakarta Globe - 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

Jakarta Globe - November 20, 2024

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

Jakarta Globe - November 19, 2024

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 Globe - November 19, 2024

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

Jakarta Globe - 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

Reuters - November 19, 2024

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

Jakarta Globe - November 18, 2024

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

Jakarta Globe - November 18, 2024

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

Jakarta Globe - 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