The Indonesian Employers’ Association (Apindo) views that the policy plan to increase the Value Added Tax (VAT) rate from 11 percent to 12 percent in January 2025 needs to be reviewed.
Chairman of the Indonesian Employers’ Association (Apindo) Shinta Widjaja Kamdani said that although this step aims to increase state revenue, its application has the potential to put serious pressure on people’s purchasing power and economic growth, which is currently still in the recovery stage.
Source: VOI
Latest Posts in "Indonesia"
- Indonesia Updates Digital Tax Rules for E-Commerce Sector
- Government Announces 50% VAT Discount on Airfare for Christmas and New Year Holidays
- Indonesia Extends Full VAT Relief on Housing Purchases Through 2026 to Boost Economy
- Indonesia, EU Finalize Free Trade Agreement to Counter US Tariffs
- Indonesia Extends VAT Incentives for Real Estate and Construction Sectors
