When Indonesia’s Minister of Finance (MoF) issued Regulation Number 131 of 2024 (PMK-131) on 31 December 2024 confirming the increase in the VAT rate to 12% (from 11%) as from 1 January 2025, an adjustment to the VAT imposition base was also made that results in an effective VAT rate of 11%. This adjustment was made to ease the financial burden on end consumers.
Source: Deloitte Tax@hand
Latest Posts in "Indonesia"
- Finance Ministry Probes 40 Steel Firms for Rp5 Trillion Annual VAT Losses
- Finance Ministry to Inspect Steel Giants After Uncovering Widespread VAT Evasion Scheme
- VAT Registration and E-Faktur Compliance in Indonesia: Key Challenges for Foreign Investors
- Indonesia Reinstates 100% VAT Incentive for Home, Apartment Purchases up to Rp2 Billion in 2026
- Finance Ministry Offers 100% VAT Incentive for Home Buyers Throughout 2026
