- Indonesia government plans to increase VAT to 12% from 11% next year
- Largest ruling party PDI-P is set to become the opposition
- Lawmakers are showing emerging rifts in parliament over the VAT hike
- Some lawmakers are urging the government to delay the VAT hike due to concerns about consumer purchasing power
Source: bloomberg.com
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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