- Indonesian Government plans to limit the scope of a scheduled VAT increase
- VAT rate to rise from 11 percent to 12 percent starting January 1, 2025
- Original plan from legislation passed in 2022
- Due to high inflation, new proposal targets only luxury commodities
- 12 percent VAT to apply to selected luxury items, both domestically and on imports
Source: answerconnect.cch.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.
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