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,