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Search result with “Luxury Tax” as a keyword founded 113 news.
Finance Minister: Indonesia's Tax Revenue Unlikely to Meet 2025 Target
... the Finance Ministry's latest projections, tax revenue is expected to reach ... sectors. Value-Added Tax (VAT) and Luxury Goods Sales Tax (PPnBM) reached Rp ... some significant gains in specific tax categories, broader economic pressures --particularly ...Business Jul 1, 2025 | 10:40 pm
Indonesia’s Housing Drama: Can You Really Live in a Tiny Home?
... for Vertical Housing, But No Tax Hikes on Landed House A man ... Hidayat also fears that such tax hikes can worsen inequality. "Those ... empty as speculative instruments, or luxury homes that are used as ...News Jun 21, 2025 | 10:00 am
Indonesia Waives Import Duties on International Trophies and Awards
... from value-added tax (VAT), luxury goods tax, and income tax. The policy applies ...Business Jun 4, 2025 | 7:35 pm
Gov't Eases Import Rules: $500 Duty-Free, Special Exemptions for Hajj and Awards
... value-added tax (VAT), luxury goods tax (PPnBM), and income tax under Article ... remains exempt from income tax. Stricter rules apply to ... an additional 5 percent income tax under Article 22. This replaces ... the application of income tax Article 22 on such items ...News Jun 4, 2025 | 2:44 pm
US Defense Department Accepts Boeing 747 from Qatar for Trump's Use
... Secretary Pete Hegseth has accepted a luxury Boeing 747 aircraft from Qatar ... trip, as a way to save tax dollars. “Why should our military ...News May 22, 2025 | 2:43 am
Chinese Car Sales Soar 153% in Indonesia as Japanese Brands Lose Ground
... , challenging Toyota’s dominance in the luxury MPV segment. With a starting price ... and access to generous EV tax incentives (2% vs. 40% for hybrids ...Business May 11, 2025 | 4:28 am
Indonesia’s Tax Revenue Drops 42 Pct in January as New Coretax System Faces Hurdles
... the government seeks to modernize tax collection and enforce a ... value-added tax (VAT) hike to 12 percent on luxury goods. ... the biggest contributors to tax revenue, collectively accounting for ... the system. The Core Tax Administration System (Coretax) project ...Business Mar 13, 2025 | 12:34 pm
Indonesia Halts Trump-Linked Lido Resort Project in West Java Over Environmental Violations
... SEZ is designed to host luxury resorts, golf courses, and entertainment ... status, providing MNC Land with tax breaks and leniency on permits ...Business Feb 7, 2025 | 7:41 pm
President Prabowo’s First 100 Days: Key Policies Receive Praise, But Challenges Remain
... a 12 percent value-added tax (VAT) increase on luxury goods, Indonesia's membership ... increase, which applies only to luxury goods consumed by the upper ... percent to 12 percent on luxury goods. On the topic of ...News Jan 29, 2025 | 11:21 am
From Spotify to Google Play: Gov’t to Return Money from Miscalculated VAT
... to the latest value-added tax (VAT) increase. Just hours ... the hike would only affect luxury goods, some platforms already ... into force. The pre-tax price stands at Rp 54 ... an additional Rp 7,200 in tax for a game that cost ... . 2, 2024. The pre-tax price is Rp 60,000 ...Business Jan 2, 2025 | 5:43 pm
JCI Rises on 2025 Opening Day, VAT Policy Eases Investor Concerns
... , buoyed by optimism from a new tax policy. President Prabowo announced that ... the Value-Added Tax (VAT) hike from 11 ... 1, 2025, would only apply to luxury goods, such as private jets ... , luxury homes, and yachts. The policy, ...Business Jan 2, 2025 | 9:49 am
Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact
... the increase in value-added tax (VAT). As part of the ... . The initiative also includes income tax subsidies for individuals earning a monthly ... rate would apply only to luxury goods and services, ensuring minimal ...Business Jan 1, 2025 | 3:55 am
Prabowo Announces 12% VAT Increase on Luxury Goods Starting January 2025
... a hike in the Value Added Tax (VAT) from 11 percent to ... include private jets, yachts, and luxury homes above the median income ... 2200-volt capacity, and various tax incentives for workers and small ... in line with the 2021 tax harmonization law and aims to ...News Dec 31, 2024 | 7:30 pm
The Foreign Investors Who Invested in Indonesia in 2024
... can enjoy deducted corporate income tax, an easy licensing process, and ... ground in September. This is a luxury housing project that takes up ...Business Dec 31, 2024 | 4:55 pm
12 Pct VAT to Have Little Impact on Concert Pricing, Promoter Says
Jakarta. The upcoming value-added tax or VAT would not have a ... system management costs. The regional tax on the ticket will also ... upcoming VAT would focus on luxury goods that are typically consumed ...Lifestyle Dec 31, 2024 | 10:00 am
Rupiah Gains Ground Amid Declining Dollar Index
... a 12 percent value-added tax (VAT) rate starting January ... income groups. Examples include luxury goods such as premium meats ... broader base compared to income tax, which is limited to ... "The government estimates additional tax revenue from the VAT increase ...Business Dec 30, 2024 | 5:33 pm
Jokowi Backs VAT Hike to 12 Percent Despite Public Outcry
... to raise the value-added tax (VAT) rate from 11 ... part of the harmonization of tax regulations approved by the House ... out," Jokowi said. Read More: Tax Evasion Crackdown Better than 12 ... rate will primarily apply to luxury goods, while staple goods will ...News Dec 28, 2024 | 9:57 am
Tax Evasion Crackdown Better than 12 Pct VAT: Analyst
... would only apply to “luxury goods”, and staple goods ... rather than imposing higher [tax] tariffs on people. For ... amidst the government’s lower luxury tax revenue target. Indonesia aims ... (around $1 billion) in overall luxury tax for 2025, lower than Rp ...Business Dec 26, 2024 | 10:45 am
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... increase the Value Added Tax (VAT) on luxury goods to 12 percent ... the 12 percent VAT on luxury goods negatively affects the ... Complex in Jakarta. The tax hike is part of the ... percent VAT selectively, targeting only luxury goods to minimize the burden ...Business Dec 24, 2024 | 10:21 am
Senior Lawmaker Says VAT Hike Was Initiated by PDI-P
... Committee, revealed that the tax harmonization legislation passed in 2021 ... committee’s meetings on the [tax law] were led by PDI ... limiting the VAT increase to luxury goods, aiming to minimize the ... blame to Prabowo for the tax increase, emphasizing that the ...News Dec 22, 2024 | 1:07 pm
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