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Search result with “Vat Hike 2025” as a keyword founded 45 news.
Foreign Tourist Arrivals Expected to Surpass Pre-Pandemic Levels This Year
... 2019 to 61.2 million in 2025. International air passenger numbers also ... . Read More: Indonesia’s Visa Fee Hike Risks Driving Tourists to Southeast ... compounded by value-added tax (VAT) on domestic airline tickets, which ...Business Oct 14, 2026 | 11:37 pm
Too Sweet to Sustain: NGO Urges 20% Tax on Sweetened Beverages
... Excise Offers A Sweet Alternative to VAT Hike: YLKIBusiness Oct 10, 2025 | 11:38 am
Misbakhun Urges VAT Slash to Support Consumers
... derivative products currently subject to VAT should be taxed at ... , he noted that reducing VAT from 11 percent to 10 ... increased economic transactions. “A lower VAT rate will stimulate household consumption ... the cancellation of the tax hike but also calling for ...News Sep 1, 2025 | 11:30 am
From Growth Engine to Vulnerable Group: Indonesia’s Middle Class in Retreat
... cutting the value-added tax (VAT) rate from 11 percent to ... ,” he added. Read More: Celios: VAT Hike Could Increase Monthly Spending by ...Business Aug 14, 2025 | 7:51 pm
Second Semester 2025: a Test of Economic Resilience
... a turbulent first half of 2025, Indonesia enters the second ... -- 38.8 percent of the 2025 budget -- had been disbursed. ... Domestically, pressure arises from the VAT hike, a persistently weak rupiah, ... (RAKERKONAS), held August 4-6, 2025, at eL Hotel Bandung, ...Opinion Aug 3, 2025 | 8:29 pm
Indonesia Offers Import Hike, Tax Incentives to Defuse Trade Strain with US
... , including relaxing value-added tax (VAT) rates on specific US products ...Business Apr 14, 2025 | 8:51 pm
Indonesia’s Tax Revenue Drops 42 Pct in January as New Coretax System Faces Hurdles
... a planned value-added tax (VAT) hike to 12 percent on luxury ... February 2025 edition, attributed the drop to weaker domestic VAT collection ... 4.16 trillion, while domestic VAT revenue dropped to Rp 2. ... provided crucial support. Import VAT contributed Rp 20.21 ...Business Mar 13, 2025 | 12:34 pm
Gov’t Launches App to Verify Social Aid Beneficiaries
... of the recent hike in value-added tax (VAT). According to Saifullah ...News Jan 2, 2025 | 11:51 pm
From Spotify to Google Play: Gov’t to Return Money from Miscalculated VAT
... (VAT) increase. Just hours before the year changed to 2025, ... President Prabowo Subianto announced Tuesday evening that the 12 percent VAT ... name a few. The VAT hike officially entered into force on ... minute announcement that the hike would only affect ...Business Jan 2, 2025 | 5:43 pm
JCI Rises on 2025 Opening Day, VAT Policy Eases Investor Concerns
... Composite Index (JCI) kicked off 2025 on a positive note, gaining 12 ... Sri Mulyani officially opened the 2025 trading year at the Indonesia ... Tax (VAT) hike from 11 percent to 12 percent, effective January 1, 2025, would ...Business Jan 2, 2025 | 9:49 am
Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact
... increase in value-added tax (VAT). As part of the ... vehicle purchases, as well as VAT relief for home purchases," she ... Prabowo Subianto's confirmation that the VAT rate would increase from 11 ... president underlined that the new VAT rate would apply only to ...Business Jan 1, 2025 | 3:55 am
Prabowo Announces 12% VAT Increase on Luxury Goods Starting January 2025
... announced a hike in the Value Added Tax (VAT) from 11 ... percent to 12 percent, effective January 1, 2025. ... clarified that the increased VAT will apply exclusively to ... purchasing power. "The gradual VAT hike was designed to avoid significant ...News Dec 31, 2024 | 7:30 pm
Indonesian Stock Market Faces Headwinds with New 12% VAT in 2025
... to face significant hurdles in 2025 with the introduction of a ... 12 percent value-added tax (VAT) starting January 1. This policy is ... Stocknow.id, warned that the VAT hike would deal a heavy blow to ... material costs due to the VAT increase may deter new ...Business Dec 31, 2024 | 1:09 pm
Rupiah Gains Ground Amid Declining Dollar Index
... a short-term interest rate hike by the Bank of Japan ... see conditions favorable for a rate hike, with one predicting action in ... for China for 2024 and 2025 but warned that weak ... percent value-added tax (VAT) rate starting January 2025, despite public opposition ...Business Dec 30, 2024 | 5:33 pm
From Jokowi to Prabowo: 2024 Marks New Chapter for Indonesia
... cancel the value-added tax (VAT) hike. The Prabowo administration already ... the plan to raise the VAT from 11 percent to ... percent starting on Wednesday. The VAT increase was a mandate from ... the school feeding program in 2025 alone. The planned spending ...News Dec 30, 2024 | 12:53 pm
Tax Evasion Crackdown Better than 12 Pct VAT: Analyst
... the value-added tax (VAT), according to an analyst. ... Next Policy, said the VAT hike could add pressure on ... able to increase its VAT revenue without the tariff ... in overall luxury tax for 2025, lower than Rp 27 ... 11 percent in 2022. VAT revenue contributed to 3.25 ...Business Dec 26, 2024 | 10:45 am
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... to take effect in January 2025. The decision comes in ... in Jakarta. The tax hike is part of the Tax ... and address concerns surrounding the VAT increase. “Economic stimulus designs ... Josua said selective implementation of VAT could help strengthen export-oriented ...Business Dec 24, 2024 | 10:21 am
Government Projects 0.3% Inflation Increase with New 12% VAT Rate in 2025
... Tuesday in Jakarta. The VAT hike is regulated under the ... 2025. According to the Central Statistics Agency (BPS), the 2022 VAT hike ... (Celios) warned the VAT hike could exacerbate inflation and ... the economic burden from the VAT hike, the government has prepared ...Business Dec 18, 2024 | 9:36 am
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
... Tax (VAT) rate to 12 percent starting January 2025 will ... transportation, are exempt from VAT under Government Regulation No. ... government’s framing of the VAT hike as targeting luxury goods, ... the economic burden from the VAT hike, the government has prepared ...Business Dec 17, 2024 | 5:17 pm
Labor-Intensive Sector Workers to Enjoy Income Tax Incentive
... from the value-added tax (VAT) hike. In about two weeks from ... to 12 percent. The tax hike would leave out staple food ... provincial minimum wage increase for 2025. The provincial minimum wage in ... government’s decision to raise the VAT has raised public scrutiny. ...News Dec 17, 2024 | 12:06 pm
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