Aprindo assessed that the increase in VAT rate, from 10 percent to 12 percent, will have an impact by reducing the people’s purchasing power, thereby eliminating efforts to maintain household consumption as the biggest contributor to driving national economic growth.
Source: antaranews.com
Latest Posts in "Indonesia"
- Finance Ministry Probes 40 Steel Firms for Rp5 Trillion Annual VAT Losses
- Finance Ministry to Inspect Steel Giants After Uncovering Widespread VAT Evasion Scheme
- VAT Registration and E-Faktur Compliance in Indonesia: Key Challenges for Foreign Investors
- Indonesia Reinstates 100% VAT Incentive for Home, Apartment Purchases up to Rp2 Billion in 2026
- Finance Ministry Offers 100% VAT Incentive for Home Buyers Throughout 2026
