- Maybank IB maintains a neutral view on Indonesia’s consumer sector
- VAT increase in 2025 is not a good idea according to Maybank IB
- Higher VAT rate of 12% may erode buying power due to weak purchasing power
- Scope and calculation of new VAT scheme includes different rates for luxury and non-luxury items
- Ministry of Finance plans to extend VAT to include premium foods, education, and services
- Sector EPS forecast for FY25 remains unchanged with expected volatility in 1Q25
- Short-term sales pressure expected in 1Q25 due to uncertainty about VAT application to staples
Source: businesstoday.com.my
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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