- The Indonesian National News Agency announced a VAT exemption on December 16
- The exemption applies to small entrepreneurs
- Eligibility is for those with a turnover not exceeding 4.8 billion rupiahs
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"
- 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
- Indonesia Extends 100% VAT Waiver on Residential Properties for Foreigners Until End of 2025
