- Minister of Finance Sri Mulyani leaves decision on 12 percent VAT increase to new government
- Coordinating Minister for Economic Affairs Airlangga Hartarto also states decision depends on next government
- Plan to increase VAT to 12 percent stated in Law Number 7 of 2021
- Adjustment to be included in 2025 State Revenue and Expenditure Budget Law if agreed by next government
- Indonesian Center of Reform on Economics researcher emphasizes need for right timing in increasing VAT rates
- Suggestion to implement progressive VAT policy with multi-rates based on income levels of consumers.
Source: voi.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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