- Indonesia plans to impose a 12% value-added tax (VAT) from 2025
- The new rate is set to boost state revenues
- The VAT increase is in accordance with a law on taxation regulations issued in 2022
- The 12% rate is set to be imposed by January 1, 2025, at the latest
- The government is formulating macro-economic and fiscal policies, including the new VAT rate, for the 2025 state budget
- The final 2025 draft budget won’t be ready before the winner of the presidential election is announced on March 20
Source: thestar.com.my
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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