Indonesian Finance Ministerial Regulation on VAT Treatment for Goods and Services

• The Indonesian Ministry of Finance issued Regulation Number 131 in 2024
• The regulation concerns the Value Added Tax treatment for various taxable goods and services
• It aims to ensure fairness in the application of VAT rates
• Specific taxable goods and services may use alternative values for tax assessment as outlined in Article 8A of the VAT Law
• The regulation is based on considerations of fairness and the need for specific tax treatments
• References include the 1945 Constitution, VAT Law of 1983, State Ministry Law of 2008, and several Presidential and Ministerial Regulations
• The regulation covers VAT on imports, supply of taxable goods and services, and utilization of intangible taxable goods and services from outside to inside the customs area

Source: jdih.kemenkeu.go.id

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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