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Tag 'VAT'

govt-reduces-vat-on-domestic-flights-for-2025-eid-homecoming
Economy

Govt Reduces VAT on Domestic Flights for 2025 Eid Homecoming

The government will cover part of the Value Added Tax (VAT) on domestic economy-class flights during the 2025 Eid Al-Fitr homecoming period.  Learn more.

coordinating-minister-budi-gunawan-asked-public-to-worry-with-the-increasing-vat
National

Coordinating Minister Budi Gunawan Asked Public to Worry With the Increasing VAT

Coordinating Minister for Political and Security Affairs (Menko Polkam) Budi Gunawan asked the public not to worry about the policy of increasing VAT to 12 percent with the regulation only applies to luxurious items.

djp-introduces-transition-period-for-12-luxury-goods-vat
Economy

DJP Introduces Transition Period for 12% Luxury Goods VAT

The Directorate General of Taxes has announced a one-month transition period to implement a new 12% value-added tax (VAT) on luxury goods. Read more.

president-prabowo-announces-12-vat-increase-for-luxury-goods
Economy

President Prabowo Announces 12% VAT Increase for Luxury Goods

President Prabowo announced a value-added tax to 12 percent exclusively to luxury goods and services, effective 1 January 2025. Learn more,

12-vat-aims-to-boost-sustainable-growth-dpr-budget-committee
Economy

12% VAT Aims to Boost Sustainable Growth: DPR Budget Committee

The House of Representatives (DPR)’s Budget Committee has endorsed a 12% value-added tax (VAT) to support sustainable economic growth starting in 2025. Read more!

12-vat-policy-to-be-law-compliant-and-selective-president-prabowo
Economy

12% VAT Policy to Be Law-Compliant and Selective:  President Prabowo

President Prabowo Subianto emphasized that the implementation of the 12% Value Added Tax (VAT), effective from 2025, will strictly adhere to existing laws while being selectively applied. Learn more!

president-prabowo-subianto-orders-review-of-multi-tier-vat-system
Economy

President Prabowo Subianto Orders Review of Multi-Tier VAT System

President Prabowo Subianto has called for a review of the planned 12% Value-Added Tax, exploring a multi-tier system in response to public concerns ahead of its 1 January 2025 implementation. Read more!

vat-hike-to-12-in-2025-likely-to-be-postponed-den-chairman
Economy

VAT Hike to 12% in 2025 Likely to Be Postponed: DEN Chairman

National Economic Council (DEN) Chairman Luhut Binsar Pandjaitan said that the planned increase in Value Added Tax (VAT) to 12%, originally set for 1 January 2025, is likely to be delayed. Learn more!

dpr-awaits-president-prabowos-decision-on-proposed-12-vat-increase
Economy

DPR Awaits President Prabowo’s Decision on Proposed 12% VAT Increase

The House of Representatives has called for patience as the nation awaits President Prabowo Subianto’s decision on the proposed Value-Added Tax (VAT) increase to 12%, planned for January 2025. Learn more!

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