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

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

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

The fees for some digital services, primarily premium subscriptions, have been subject to a 12% VAT since Wednesday, when the new rate went into effect.

JAKARTA (Bloomberg): Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on January 1 amid escalating public outcry. The VAT rate ...

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

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 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 (Reuters) - Indonesia's President Prabowo Subianto on Tuesday said a planned increase in the value-added tax (VAT) rate by one percentage point to 12% effective Wednesday, Jan. 1 ...

JAKARTA (Reuters) - Indonesia's President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage point to 12% effective Wednesday, Jan. 1, will apply ...