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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.
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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 ...
The Thaiger
3h
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 ...
The Jakarta Post
2h
House suggests initial VAT rollout for just luxury goods
Following widespread backlash late last month on the government's plan to hike the VAT rate to 12 percent from Jan. 1, House Commission XI is proposing a selective implementation of the new rate to ...
Gulfbusiness.com on MSN
2h
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 ...
Jakarta Globe
6h
Gov't Tries to Find Middle Ground Amid 12 Pct VAT Concerns
A 12-percent VAT is set to enter into force next month, up from the current 11 percent. The upcoming VAT hike has sparked ...
5h
Thailand Rules Out Raising Value-Added Tax After Public Outcry
Thailand’s Prime Minister Paetongtarn Shinawatra ruled out any immediate move to increase the value-added tax after a ...
TheCable
7h
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 ...
EconomyNext
3h
Sri Lanka plans to lift VAT on brown sugar made at expropriated SOE plants
Cabinet approval will be sought to lift value added tax from brown sugar made at Lanka Sugar, a state enterprise made from ...
Jakarta Globe
1d
Gov’t to Enforce 12% VAT on January 1 Despite Public Opposition
Misbakhun said the VAT hike will be applied selectively to ensure it does not disproportionately impact the vulnerable ...
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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Indonesia
Value-added tax
luxury items
Jakarta
Fiscal policy
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