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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: 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 percent will be applied selectively, targeting only luxury goods and services. The hike, mandated by existing legislation, is scheduled to take effect on January 1, 2025.
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
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”, ...
Tempo
9m
Prabowo to Increase VAT for Luxury Goods in 2025
TEMPO.CO, Jakarta - President Prabowo Subianto officially decided to raise value-added tax (
VAT
) for luxury goods. The ...
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 ...
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
12h
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 ...
21h
on MSN
Mike Tindall boys’ school goes co-ed in response to Labour’s VAT raid
A 400-year-old independent boys’ school attended by Mike Tindall is going co-educational in response to the Government’s ...
Daily News
19h
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 is ...
Jakarta Globe
7h
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 ...
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, ...
Gulfbusiness.com on MSN
1d
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 ...
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