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Search result with “Vat Hike In Indonesia” as a keyword founded 47 news.
JCI Rebounds Ahead of MSCI Rebalancing, Fed Outlook in Focus
... rebalancing while monitoring developments in US-Iran negotiations and the ... of value-added tax (VAT), with different incentive structures for ... could support the development of Indonesia’s downstream energy industry and ... and BI Rate Hike Weigh on MarketBusiness May 29, 2026 | 9:23 am
Govt Sets 13% Ceiling on Economy Airfares
... Dudy Purwagandhi told reporters in Jakarta on Thursday. He ... The government policy is clear. VAT is covered, fuel surcharges are ... added. Read More: Airfare Hike to Put Indonesian Tourism Behind ... Dudy said. Read More: Indonesia Raises Airline Fuel Surcharge by ...Business Apr 10, 2026 | 3:43 pm
Indonesia’s Airlines Still Struggle Despite 38% Fuel Surcharge Increase
... introduced a value-added tax (VAT) subsidy, locally known as ... jet and propeller aircraft VAT borne by the government ... an unavoidable global trend. In Indonesia, authorities insist the approach ... build. Read More: Airfare Hike to Put Indonesian Tourism Behind ...Business Apr 8, 2026 | 1:57 pm
Airfare Hike to Put Indonesian Tourism Behind ASEAN Neighbors
... hike caps are expected to create another turbulence on domestic tourism. Indonesia ... , Thailand, and Malaysia,” Sahlan said in a live-broadcasted interview with Beritasatu ... 1.3 trillion a month — to cover the VAT. Indonesia will implement the policy for ...News Apr 7, 2026 | 2:00 pm
Too Sweet to Sustain: NGO Urges 20% Tax on Sweetened Beverages
Jakarta. The Center for Indonesia’s Strategic Development Initiatives (CISDI ... (NCDs) and burden Indonesia’s healthcare system in the years ahead. “ ... Rp 108 trillion ($6.5 billion) in 2019, excluding other NCD-related ... A Sweet Alternative to VAT Hike: YLKIBusiness Oct 10, 2025 | 11:38 am
From Growth Engine to Vulnerable Group: Indonesia’s Middle Class in Retreat
Jakarta. Indonesia’s middle class -- long regarded ... it could trigger a rise in poverty, erode purchasing power, ... Read More: Indonesia Ignores Its Middle Class in Latest Economic Stimuli ... 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
... Strong as Hoped Bank Indonesia projects growth in the second semester to ... shift in the United States. Domestically, pressure arises from the VAT hike, a persistently ... , garments, and electronics. Going forward, Indonesia must adopt a more adaptive and ...Opinion Aug 3, 2025 | 8:29 pm
Indonesia Offers Import Hike, Tax Incentives to Defuse Trade Strain with US
... States. Airlangga stated that Indonesia is prepared with a ... he said in a press conference on Monday. Indonesia plans to ... the anticipated increase in imports. "Indonesia will buy goods ... VAT) rates on specific US products. Airlangga also emphasized that Indonesia ...Business Apr 14, 2025 | 8:51 pm
Indonesia’s Tax Revenue Drops 42 Pct in January as New Coretax System Faces Hurdles
... planned value-added tax (VAT) hike to 12 percent on luxury ... weaker domestic VAT collection and a slowdown in corporate income ... crucial support. Import VAT contributed Rp 20.21 ... Administration System (Coretax) project in Indonesia has a total estimated cost ...Business Mar 13, 2025 | 12:34 pm
From Spotify to Google Play: Gov’t to Return Money from Miscalculated VAT
... VAT hike officially entered into force on Jan. 1 or Wednesday. Indonesia ... likely announce the final scheme in the coming days.” A ... already includes a Rp 6,599 in VAT. (JG Photo/Jayanty Nada ... a 12-percent VAT is already in place in these digital transactions. ...Business Jan 2, 2025 | 5:43 pm
JCI Rises on 2025 Opening Day, VAT Policy Eases Investor Concerns
... 2025 trading year at the Indonesia Stock Exchange (IDX), replacing ... Main Hall in Jakarta, was also attended by Bank Indonesia Governor ... the Value-Added Tax (VAT) hike from 11 percent to 12 ... The market achieved historic highs in September, with the JCI peaking ...Business Jan 2, 2025 | 9:49 am
Indonesian Stock Market Faces Headwinds with New 12% VAT in 2025
... id, warned that the VAT hike would deal a heavy blow ... (ASII), a key player in the automotive industry, is expected ... (CTRA), faces difficulties in maintaining project appeal. Higher ... infrastructure sectors, including Telkom Indonesia (TLKM), XL Axiata (EXCL ...Business Dec 31, 2024 | 1:09 pm
From Jokowi to Prabowo: 2024 Marks New Chapter for Indonesia
... was the governor of Indonesia's capital Jakarta in 2017-2022. Prabowo was ... wants Indonesia to be self-sufficient in food production by 2027. In other ... cancel the value-added tax (VAT) hike. The Prabowo administration already announced ...News Dec 30, 2024 | 12:53 pm
Jokowi Backs VAT Hike to 12 Percent Despite Public Outcry
... said on Friday in Solo, Central Java. The VAT hike, set to ... Indonesia last increased the VAT rate from 10 percent to 11 percent in ... 2022. VAT revenue contributed 3.25 ... percent in 2023. Jokowi also reiterated that the VAT adjustment ...News Dec 28, 2024 | 9:57 am
Tax Evasion Crackdown Better than 12 Pct VAT: Analyst
... tank Next Policy, said the VAT hike could add pressure on the ... been able to increase its VAT revenue without the tariff ... lower luxury tax revenue target. Indonesia aims to amass Rp 16 ... Indonesia last raised the VAT from 10 percent to 11 percent in 2022. VAT ...Business Dec 26, 2024 | 10:45 am
Government Open to Revisiting 12 Pct Luxury VAT Policy Amid Potential Microeconomic Impacts
... Parliamentary Complex in Jakarta. The tax hike is part ... address concerns surrounding the VAT increase. “Economic stimulus ... strategic fiscal approach during Indonesia’s post-pandemic recovery. He ... selective implementation of VAT could help strengthen export ...Business Dec 24, 2024 | 10:21 am
Senior Lawmaker Says VAT Hike Was Initiated by PDI-P
... the government, including in debates over the VAT hike. Wihadi Wiyanto, ... a member of Prabowo’s Great Indonesia Movement Party (Gerindra), criticized PDI ... party’s opposition to the VAT hike came after it no ... not true that the VAT hike was decided by the Prabowo ...News Dec 22, 2024 | 1:07 pm
Government Projects 0.3% Inflation Increase with New 12% VAT Rate in 2025
... pronounced than the previous VAT hike in 2022, as the new ... Irawan said Tuesday in Jakarta. The VAT hike is regulated under ... inflation mitigate economic strain. “In Indonesia, the middle class is ... its VAT rate with other ASEAN countries, where Indonesia’s rate ...Business Dec 18, 2024 | 9:36 am
Celios: VAT Hike Could Increase Monthly Spending by $22 for Middle Class
... Indonesia’s economy remains weak, particularly for the middle class, and the VAT hike ... will place additional burdens on the public. “The problem in Indonesia ... . Additionally, the VAT hike to 12 percent ... estimated that the VAT hike would generate Rp ...Business Dec 17, 2024 | 6:08 pm
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
... plan to raise Indonesia’s Value-Added Tax (VAT) rate to ... government’s framing of the VAT hike as targeting luxury goods, ... economic burden from the VAT hike, the government has prepared ... transportation options. In the housing sector, VAT exemptions will apply ...Business Dec 17, 2024 | 5:17 pm
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