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Search result with “Vat Hike Impact” as a keyword founded 34 news.
Airfare Hike to Put Indonesian Tourism Behind ASEAN Neighbors
... and the freshly announced airfare hike caps are expected to create ... bear the value-added tax (VAT) on domestic economy seats. ... 1.3 trillion a month — to cover the VAT. Indonesia will implement the policy ... not to worry about the impact of the hikes, citing that ...News Apr 7, 2026 | 2:00 pm
Misbakhun Urges VAT Slash to Support Consumers
... products currently subject to VAT should be taxed at ... VAT from 11 percent to 10 percent would not have a significant impact ... economic transactions. “A lower VAT rate will stimulate household consumption ... cancellation of the tax hike but also calling for ...News Sep 1, 2025 | 11:30 am
Second Semester 2025: a Test of Economic Resilience
... to deliver a significant short-term impact. This aerial photo shows a residential ... . Domestically, pressure arises from the VAT hike, a persistently weak rupiah, and the ...Opinion Aug 3, 2025 | 8:29 pm
Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact
... vehicle purchases, as well as VAT relief for home purchases," ... Subianto's confirmation that the VAT rate would increase from 11 ... underlined that the new VAT rate would apply only ... and services, ensuring minimal impact on essential items and services ...Business Jan 1, 2025 | 3:55 am
Indonesian Stock Market Faces Headwinds with New 12% VAT in 2025
... tax (VAT) starting January 1. This policy is expected to impact various economic ... Stocknow.id, warned that the VAT hike would deal a heavy blow to ... material costs due to the VAT increase may deter new property ...Business Dec 31, 2024 | 1:09 pm
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... to concerns over its potential impact on microeconomic sectors, said ... in Jakarta. The tax hike is part of the Tax ... and address concerns surrounding the VAT increase. “Economic stimulus ... 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
... impact on household consumption would be less pronounced than the previous VAT hike ... (BPS), the 2022 VAT hike pushed inflation from 2.64 ... (Celios) warned the VAT hike could exacerbate inflation and ... economic burden from the VAT hike, the government has prepared ...Business Dec 18, 2024 | 9:36 am
Celios: VAT Hike Could Increase Monthly Spending by $22 for Middle Class
... tax fairness. Additionally, the VAT hike to 12 percent will ... government estimated that the VAT hike would generate Rp 75 ... for consumers. “The impact of the VAT hike on household consumption ... the economic burden from the VAT hike, the government has prepared ...Business Dec 17, 2024 | 6:08 pm
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
... items that were previously VAT-free. According to Muhammad ... transportation, are exempt from VAT under Government Regulation No. ... government’s framing of the VAT hike as targeting luxury goods, ... impact on consumers. To ease the economic burden from the VAT hike ...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 ... 12 percent. The tax hike would leave out staple food ... packages to reduce the higher VAT impact. This includes a government-borne ... government’s decision to raise the VAT has raised public scrutiny. ...News Dec 17, 2024 | 12:06 pm
Indonesia to Unveil New Economic Policy Package, Including VAT Overhaul, on Monday
... VAT policy. The reform aims to ensure fairness while balancing the impact ... , especially after a previous VAT hike in 2022, which led ... 12 percent, the broader impact on the economy, particularly ... middle class, the upcoming VAT increase could exacerbate financial ...Business Dec 14, 2024 | 11:01 am
Finding the Middle Ground on 12 Percent VAT
... cap on to minimize the impact. A day prior to Prabowo’s ... a multiple-rate scheme for this VAT hike to avoid a disrupted tax revenue ... current 11 percent, and the impact was clear. A single percentage ... for the impact of these policies. “The 12 percent VAT is ...Business Dec 10, 2024 | 9:50 am
VAT Hike on Luxury Goods to Impact Low-Income Families as Well, Analysts Warn
... his administration will impose a hike in VAT from 11 percent to 12 ... on January 1 but the hike is limited to luxury goods ... and lower-income groups. “The VAT hike on luxury goods will have ... said. “A one-percentage-point VAT hike might seem minor -- just an ...Business Dec 9, 2024 | 1:35 pm
Textile Industry Warns of Further Layoffs with 12% VAT Hike in 2025
... warning, as the impending VAT hike could further jeopardize the industry ... the coming year. "The impact will certainly be felt. ... has confirmed that the VAT hike will proceed as scheduled ... Misbakhun, clarified that the VAT increase will primarily affect luxury ...Business Dec 6, 2024 | 8:36 pm
12% VAT Could Slash Indonesian GDP by Rp 21 Trillion: Analyst
... 12,300 trillion. The VAT hike could potentially reduce GDP by ... , he said. “The VAT hike poses new risks to the ... concerns, highlighting that the VAT hike could exacerbate the ongoing slowdown ... be seen how the VAT hike will impact growth -- whether consumers ...Business Dec 5, 2024 | 9:31 pm
Gov’t to Enforce 12% VAT on January 1 Despite Public Opposition
... increase the value-added tax (VAT) rate from 11 percent to ... VAT hike will be applied selectively to ensure it does not disproportionately impact ... the most vulnerable members of society. “The new VAT rate ...Business Dec 5, 2024 | 7:46 pm
VAT Hike Threatens to Shrink Indonesia's Middle Class Further
... FEB UI), the VAT hike will significantly impact both the middle-class ... Rezki warned that the VAT increase could push more ... will bear the greatest impact from the VAT hike," he said during ... explained, stating that the VAT increase will only exacerbate the ...News Dec 4, 2024 | 11:07 am
Gov’t Urged to Avoid ‘Arrogant’ Push for VAT Hike
... arguing that imposing the hike under current conditions would ... concern that the tax hike could lead to unintended consequences ... reducing staff to offset the impact,” he added, referring to ... Handaka also emphasized that the VAT hike is not set in stone ...Business Dec 3, 2024 | 6:24 pm
Indonesia’s Efforts to Reduce Airfares Could Clash with VAT Increase
... increase in value-added tax (VAT), which is expected to ... season, Wijayanto argued that the VAT hike would push prices up, ... He suggested that the impact of the VAT increase could be mitigated ... in 2025 due to the VAT hike. Taufikurahman also highlighted the ...Business Dec 2, 2024 | 9:00 pm
Government Weighs Social Aid for Middle Class Ahead of 12% VAT Hike
... concerns about the policy’s impact, social aid for the middle ... if necessary. The proposed VAT hike has faced significant backlash over ... "It’s almost certain the VAT hike will be postponed. Stimulus packages ... government to delay the VAT hike until at least the ...News Dec 2, 2024 | 5:22 pm
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