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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.
16h
Private school blames Labour VAT raid over closure
A private Jewish prep school in Hertfordshire plans to close next year because of “unprecedented financial pressures”, ...
1d
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 ...
Jakarta Globe
5h
Basic Commodities, Healthcare, and Education Exempt from VAT
The new 12 percent VAT rate, set to take effect on January 1, will apply exclusively to luxury goods and services, Dasco ...
PM NEWS Nigeria
1d
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 ...
Tempo
19h
Prabowo Says 12 Percent VAT to Be Applied Selectively Next Year
President Prabowo ensures that VAT increase will be implemented in accordance with the law starting in January 2025, for ...
9d
on MSN
Private school VAT raid will raise ‘tiny amount of money’, IFS admits
Labour’s private school tax raid will not make “any real difference to the amount of money available” for state schools, the ...
TheCable
2d
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, ...
businessday
2d
Explainer: What each state contributes to VAT pool
Nigeria's distribution of value added tax (VAT) has become an issue of national discourse lately, especially as the federal ...
4d
on MSN
Indonesia to press ahead with VAT hike, minister says
Indonesia will next week confirm it is hiking the value-added tax (VAT) rate to 12%, the Coordinating Minister for Economic ...
Jakarta Globe
14h
Automotive Sales at Risk as Government Plans 12% VAT in 2025
The government's plan to implement a 12 percent value-added tax (VAT) in 2025 is feared to reduce automotive sales due to ...
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