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Search result with “Vat Cut” as a keyword founded 19 news.
Indonesia Still Imports 55% of Steel Demand as Industry Faces Cheap Foreign Supply
... : Steel Exporter Indonesia Wants to Cut Reliance on China, Eyes Middle ... Over Alleged Rp 500 Billion VAT Evasion One of the main ... 3 Million-Ton Steel Plant to Cut Indonesia’s Import Reliance Dumping practices ...Business May 13, 2026 | 10:34 am
Purbaya Inspects Tangerang Steel Plants Over Alleged Rp 500 Billion VAT Evasion
... had evaded value-added tax (VAT), potentially costing the state up ... indicated the companies avoided paying VAT by selling products directly to ... 3 Million-Ton Steel Plant to Cut Indonesia’s Import RelianceBusiness Feb 5, 2026 | 9:35 pm
Danantara to Break Ground on 3 Million-Ton Steel Plant to Cut Indonesia’s Import Reliance
... Inspect Major Steel Firms After VAT Evasion Findings He described steel ...Business Feb 4, 2026 | 6:35 pm
High Volume of Tax Refunds Drags Indonesia’s Net Revenue Down 3.9 Percent
... Next Year Value-added tax (VAT) refunds reached Rp 238.86 ... 2024. Read More: Purbaya Warns 1% VAT Cut Would Wipe Out Rp 70 ...Business Nov 24, 2025 | 1:13 pm
Purbaya Warns 1% VAT Cut Would Wipe Out Rp 70 Trillion in State Revenue
... tax (VAT) rate, warning that each percentage-point cut could ... I realized every 1 percentage point cut means losing Rp 70 trillion ... The minister noted that while VAT adjustment plans remain “on ... the possibility of a temporary VAT reduction to protect household ...Business Oct 28, 2025 | 7:01 pm
Prabowo Tasks Finance Minister to Lift Tax Revenue, Revise Export Rules
... Regulation Harmonization Law, Indonesia’s VAT rate was scheduled to ... urged the government to cut the VAT to 9 percent to ... Indonesia’s economic growth. “A lower VAT would send a strong signal ... Association (AGRA). Indonesia’s VAT remains higher than those of ...Business Oct 16, 2025 | 6:05 pm
Indonesia Extends Full VAT Incentive for House Buyers Until 2027
... More: Finance Minister Mulls VAT Cut to Boost Consumer Spending The ... 2025, granted a 100 percent VAT exemption for home purchases made ... 2 billion covered by the VAT discount. Purbaya reaffirmed that ... More: Gov’t Extends 100% VAT Waiver on Homes, Foreigners Can ...Business Oct 15, 2025 | 1:26 pm
Finance Minister Mulls VAT Cut to Boost Consumer Spending
... we can lower the VAT rate to support household ... Read More: Indonesia Extends VAT Exemption for Home Purchases Until ... Regulation Harmonization Law, Indonesia’s VAT rate was initially set ... . Economists say a temporary VAT reduction could help stimulate household ...Business Oct 15, 2025 | 8:52 am
Second Semester 2025: a Test of Economic Resilience
... . Domestically, pressure arises from the VAT hike, a persistently weak rupiah, and ... . Bank Indonesia's recent interest rate cut to 5.25 percent offers breathing ...Opinion Aug 3, 2025 | 8:29 pm
Prabowo’s $1.5 Billion Economic Stimuli: Are They Good Enough?
... the value-added tax (VAT) on airfares. Tollway tariffs ... government to consider lowering the VAT from 11 percent to 9 ... The analyst said that a VAT cut wouldn’t automatically mean smaller state ... would need policies that could cut production costs. The government ...Business Jun 10, 2025 | 6:33 pm
Hybrid Cars in Indonesia to Get 3 Pct Luxury Tax Incentive
... a 10-percent value-added tax (VAT) discount. The cars sold in ... can apply for this tax cut include the Hyundai Ioniq 5 and ... the plan to raise the VAT to 12 percent starting in ... and eggs, however, will be VAT-free.Business Dec 16, 2024 | 2:33 pm
VAT Hike Threatens to Shrink Indonesia's Middle Class Further
... (LPEM FEB UI), the VAT hike will significantly impact both ... F. Rezki warned that the VAT increase could push more individuals ... power. “The middle class will cut back on the quality of ... Jahen explained, stating that the VAT increase will only exacerbate the ...News Dec 4, 2024 | 11:07 am
Indonesia’s Efforts to Reduce Airfares Could Clash with VAT Increase
... increase in value-added tax (VAT), which is expected to raise ... the VAT hike would push prices up, making efforts to cut fares ... financially troubled, is pressured to cut fares, it could lead to ... in 2025 due to the VAT hike. Taufikurahman also highlighted the ...Business Dec 2, 2024 | 9:00 pm
Unilever Indonesia Signs $440 Million Deal to Sell Ice Cream Business to Magnum Ice Cream
... valued at Rp 7 trillion (excluding VAT), or approximately $440.12 million ... , Unilever PLC announced plans to cut 7,500 jobs and spin off ...Business Nov 26, 2024 | 11:12 am
Gaikindo Hopes 12 Pct VAT Will Have Little Impact on Car Sales
... chose to respect the upcoming VAT hike, while saying that ... would implement after the new VAT’s entry into force. A 2021 ... Hidayat recently warned that the VAT could deal a fatal blow ... Astuti said that companies could cut back production following the weaker ...Business Nov 19, 2024 | 10:48 am
12 Pct VAT Can Take Toll on Minimum Wage Earners, Expert Warns
... The upcoming value-added tax (VAT) hike could take a huge toll ... government's decision to increase the VAT by 1 percentage point has ... lead to massive layoffs. A VAT hike could prompt companies to ... stay afloat. “Companies will cut back production and might even ...Business Nov 18, 2024 | 2:11 pm
VAT Hike Will Hamper Exports, Increase Unemployment: Indef
... government confirmed it will increase VAT by 1 percentage point ... to lay off workers to cut costs. "We are heading ... purchasing power. "A 1 percentage point VAT hike will impact all sectors ... 95 percentage points. "Another VAT hike will add inflationary pressures ...Business Nov 17, 2024 | 7:07 pm
Squeezed by Inflation, Indonesia's Middle Class Turns to Financial Literacy for Support
... by rising value-added tax (VAT), fuel prices, and inflation, weakening ... the government to postpone further VAT increases and maintain subsidies to ... optimism that a planned interest rate cut in 2025 will provide further ...Business Oct 14, 2024 | 10:20 pm
Gov’t Extends VAT Waiver on House Purchases until End of Year
... Widodo has decided not to cut the subsidies to bolster the ... to implement the government-borne VAT incentive for the housing ... cover 100 percent [of the VAT] until December 2024,” senior ... multiplier effects,” Airlangga said. The VAT rate for housing purchases in ...Business Aug 27, 2024 | 2:10 pm
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