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

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 ...

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 ...

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 general feeling is that in the evolving dynamics of Indonesia’s economy, the government’s decision to maintain the effective Value Added Tax (VAT) rate at 11% through Finance Ministry Regulation ...

Indonesian President Prabowo Subianto is deeply invested in areas of his interest but the policies that fall outside are ...

Jeklira Tampubolon and Julius Wahyu Daryono of GNV Consulting also summarise regulations concerning customs and excise ...

Prabowo Subianto enjoys an 81% approval rating after 100 days as Indonesia's president, thanks to fulfilling campaign promises. His people-focused programs include a multi-billion dollar nutritious ...