- Government plans to increase VAT to 12% next year, from 11%
- Largest ruling party PDI-P is set to become the opposition
- Lawmakers are calling for a delay in the VAT hike
- Concerns about dampening consumers’ purchasing power
- Rifts may be emerging in parliament over the VAT increase
Source: news.bloombergtax.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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