- Finance Minister Sri Mulyani Indrawati announced a 50 percent electricity discount for January and February 2025
- The discount aims to protect people’s purchasing power after an increase in the VAT rate to 12 percent
- The VAT rate will rise from 11 percent to 12 percent starting January 1, 2025
- The increase aligns with Law Number 7 of 2021 on Harmonization of Tax Regulations
- Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed the alignment
- The government will still provide VAT exemptions for strategic goods and services
Source: en.antaranews.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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