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Government to Implement 12% VAT Increase in 2025

  • Government to implement 12% VAT starting next year
  • Increase from current VAT rate in accordance with law on taxation regulations
  • Defense Minister Prabowo Subianto projected to win upcoming election
  • Pledged to defend legacy of President Joko Widodo and continue his policies
  • VAT rate to be phased in, with 12% rate by January 1, 2025
  • New VAT rate expected to boost state revenues
  • Final 2025 budget dependent on announcement of presidential election winner


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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