- Economic and political turmoil in Indonesia
- Proposal to increase value-added tax (VAT) from 11% to 12% by Jan. 1, 2025
- Concerns about adding pressure to fragile sectors and leading to job cuts
- Need for careful reconsideration of VAT hike in current economic and social realities
- Importance of weighing potential impact against economic pressures faced by the populace
Source: thejakartapost.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.
Latest Posts in "Indonesia"
- Indonesia’s PMK-50: Crypto-Assets Classified as Digital Financial Assets, VAT Treatment Updated
- Chairman of Commission XI proposes reducing VAT from 11% to 10%
- Lawmaker Proposes VAT Reduction to Boost Economy and Ease Financial Burden on Citizens
- Indonesia Extends Full VAT Incentive on Property Purchases to Boost Economy Until 2025 End
- Indonesia Extends 100% VAT Waiver on Residential Properties for Foreigners Until End of 2025
