On the eve of a long-anticipated increase in Indonesia’s value added tax (VAT) rate from 11 to 12 per cent, President Prabowo ...

The recent VAT hike has created a dual rate system that presents liabilities to both entrepreneurs and consumers, pointing to a need for accountability on the part of the public in understanding ...

On Dec 31, 2024, Indonesian President Prabowo Subianto announced an abrupt reversal of a long-anticipated increase in ...

Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on Jan. 1, a 1 percentage point increase from the previous rate.

Indonesia has diluted a planned hike in the country’s value added tax (VAT) due to growing public discontent, just hours before the increase came into effect. Under tax legislation passed in 202 ...

JAKARTA -- Just five hours before a New Year's Day increase in Indonesia's value-added tax (VAT) rate from 11% to 12% was set to take effect, President Prabowo Subianto announced it would be ...

Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on Jan 1 amid escalating public outcry. The VAT rate will be increased to 12% ...

JAKARTA (Bernama-Xinhua): Indonesia began 2025 with an increase in the value-added tax (VAT) on luxury goods and services in a bid to boost state revenues to support development projects in the ...

Based on recent information, the ASEAN LV market is estimated to have dropped by 6% YoY to 3.11 million units in 2024.

Jakarta: Indonesia began 2025 with an increase in the value-added tax (VAT) on luxury goods and services in a bid to boost state revenues to support development projects in the Southeast Asian ...

The property consultancy expects the government's move to extend the property VAT incentive through 2025 will have minimal ...