Chairman of the National Economic Council, Luhut Binsar Pandjaitan, says the government has decided to postpone the planned increase of the Value Added Tax (VAT) rate to 12 percent, which was originally scheduled to take effect in January 2025. He said the decision was taken upon considering the economic condition of the Indonesian people, which still need stimulus to boost their purchasing power, and the importance of ensuring their readiness before the policy is implemented.
Source: indonesiabusinesspost.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.
