A law passed on 7 October 2021 (Harmonization of Tax Regulations Law) and ratified by Indonesia’s president on 27 October includes a VAT rate hike, as well as changes to the rules governing creditable input VAT and VAT exemptions:
Source: BDO
Latest Posts in "Indonesia"
- Indonesia Updates Digital Tax Rules for E-Commerce Sector
- Government Announces 50% VAT Discount on Airfare for Christmas and New Year Holidays
- Indonesia Extends Full VAT Relief on Housing Purchases Through 2026 to Boost Economy
- Indonesia, EU Finalize Free Trade Agreement to Counter US Tariffs
- Indonesia Extends VAT Incentives for Real Estate and Construction Sectors
