Indonesia has announced an increase in its value-added tax (VAT) rate from 11% to 12%, effective January 1, 2025, but this hike applies exclusively to luxury goods and services.
- The Scope of the VAT Increase
- Ministerial Clarifications
- Hospitality Sector Concerns
- Balancing Revenue and Economic Stability
- Implications for the Travel and Tourism Industry
- A Broader Economic Perspective
- Conclusion
Source: www.travelandtourworld.com
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