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VAT, Indonesia
Indonesia's president has agreed to selective VAT hike, senior lawmaker says
Indonesian President Prabowo Subianto has agreed to raise value-added tax by one percentage point to 12% next year, but only on luxury goods, Sufmi Dasco Ahmad, deputy speaker of parliament, told reporters on Friday.
Prabowo Approves VAT Hike to 12% Next Year but Only for Luxury Goods
Indonesian President Prabowo Subianto has approved a limited increase in Value Added Tax (VAT) from 11% to 12%.
Indonesia to Go Ahead with VAT Hike For Select Goods, Lawmaker Says
Indonesian President Prabowo Subianto plans to go ahead with raising the value-added tax rate on some goods in January, according to a lawmaker.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe government will increase the VAT to 12% from 11% in 2025 as stated by the law,
Indonesian parliament proposes VAT hike only for luxury items
Indonesia's parliament said on Thursday it had proposed to the government to only raise the current value-added tax (VAT) rate for luxury items to avoid an impact on low income people. By law, VAT is set to rise by 1 percentage point to 12% starting Jan.
9h
UniCredit's German unit raided in VAT fraud probe, reports Bloomberg
Italian bank UniCredit's unit in Munich has been raided as part of a possible 200-million-euro value-added tax (VAT) fraud ...
PM NEWS Nigeria
5h
Explainer: How proposed VAT reform in tax bills will reduce inflation
However, unlike the 2019 VAT rate increase proposal which was not accompanied by measures to reduce costs, the current ...
Jakarta Globe
28m
Prabowo: VAT Hike to Focus Exclusively on Luxury Goods
Jakarta. President Prabowo Subianto said on Friday that the planned increase in value-added tax (VAT) from 11 percent to 12 ...
6h
on MSN
UniCredit's Munich offices searched in VAT fraud probe over ex client
MILAN (Reuters) -Italian bank UniCredit on Friday said a German probe over alleged tax evasion concerned a single former ...
Daily News
1h
Proposal to Cabinet to remove VAT on local brown sugar – Minister
Unsold stocks piled up at Pelwatte, Sevenagala Lanka Sugar plants 18%
VAT
for local brown sugar while imported white sugar ...
The Thaiger
11h
Taxing times: Thai PM backtracks on VAT hike after public outcry
Thai PM Paetongtarn Shinawatra pulled the plug on a proposal to crank up the value-added tax (VAT) following a storm of ...
TheCable
15h
VAT debate, Oyedele’s hypocrisy, and the future of Nigeria’s federalism
The ongoing Value Added Tax (VAT) debate in Nigeria exposes deeper issues about governance, fiscal responsibility, and ...
Nairametrics
2d
Tax Reform Bills: Lawyers react to ‘VAT derivation based on consumption’ in Nigeria
Nigerian lawyers have shared their views on the proposed derivation of Value Added Tax (VAT) based on consumption. The Tax ...
Gulfbusiness.com on MSN
10h
UAE VAT: A forward-looking tax system for a forward-looking economy
By supporting the financial services sector through targeted exemptions, the UAE continues to build on its strategy of ...
TheCable
1d
Tax reform bills: VAT sharing simulation
ChannelsTV, on Monday 2nd December 2024, held a Town Hall session on the Tax Reform Bills during which Taiwo Oyedele, ...
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