- Indonesia’s economic advisory council head indicates a potential delay in the planned VAT increase from 11% to 12%.
- Luhut Pandjaitan suggests the postponement aligns with the new government’s focus on supporting the middle class through social assistance.
- The delay aims to stimulate domestic demand amid slowing economic growth.
- Pandjaitan states, “It’s almost certain to be postponed.”
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.
Latest Posts in "Indonesia"
- New Regulation PER-12/2025 Aligns with PMK-81, Updates VAT Collection and Self-Assessment Rules
- 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
